Massive Holiday Shopping Crisis For New York State?

The summer is not over yet and already there are fears that the holiday shopping season is about to be way more expensive and it is all due to a lack of water in the Panama Canal!

Just last week, it was announced that a second Prime Day is coming this October. But the items that are sent to most chain stores and box stores, specifically the larger items, are sent via ships that pass through the Panama Canal.

There are reports that the water levels in the Panama Canal are so low that ships may not be able to navigate the waters safely. Although there is not an emergency, yet, experts say that if the drought continues, there may be a holiday shopping price increase.

The prices for many items are expected to rise if the shipping situation continues. Some say an increase of over %30!

The canal administration imposed severe restrictions on shipping.

Many carriers have opted to take a detour around Africa as the average cost of an express shipment has risen by 36%.

Plan ahead and take advantage of whatever deals you can find now. That second Prime Day may help. However, the timing may be tight and hopefully the gifts/items will arrive in time for the big day!?