“Shoppers who still have gifts to buy on their holiday lists don’t need to panic by headlines coming out of Suez Canal. Inventory for the holidays has been on U.S. soil for months and products will be on shelves for last minute buyers.
“The escalating security situation in the Suez Canal is being monitored closely by leading retailers, and we appreciate the Biden administration’s swift response in announcing Operation Prosperity Guardian, a multinational response to recent attacks on vessels in the Red Sea.
“Global freedom of navigation is paramount to keep retail supply chains moving efficiently. Rerouting ships away from the Suez Canal results in uncertainty and disruption for retailers and other shippers. This will not impact holiday inventory, but it could disrupt supply chains next year depending upon how long shippers lack safe access to the Suez Canal. Retailers are paying close attention to the situation and flexing their highly developed response capabilities to mitigate any disruptions and extra time that will need to be added to shipping schedules due to this developing situation.”
###RILA is the US trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.
RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.
Supporting Free Markets and Fostering Innovation
Ensuring a Safe, Sustainable Future