Why 2021 Black Friday is the worst event for everyone involved

November 23, 2021

Thanks to high inflation rates, and sky-high prices, you might not score a great deal this Black Friday. We still have a great deal for you!

By this point, you’ve probably noticed that prices went up on pretty much everything. This crazy inflation affects Black Friday (November 26) too. See below for why this year’s Black Friday is the worst event for both buyers and sellers.

Why are prices going up in 2021?

Canada recorded the highest inflation rate since the early 2000s and the USA inflation rate is the highest it’s been since 1991. This is because it’s become more expensive for a seller to ship and manufacture goods. There have been months-long delays on things like microchips, causing a low supply of new cars and raising their prices. 

Manufacturing and shipping skyrocketed in costs

It’s costing more to not only manufacture goods but to ship them too - a shipping container used to cost $3,000-$5,000 to ship from overseas and now can go for as much as $15,000-$20,000! And this doesn’t even include the cost of the product inside. The sellers are increasing their prices to recoup these costs so that’s why you see higher prices as a consumer. That means your Black Friday deals will still cost a little bit more than they usually do. There is limited stock on hand so sellers might even take advantage of that and raise their prices even more.

Labour shortage and cargo ports delays

Currently, at any given time, there is 30 million tons of cargo waiting to be delivered at ports. Thanks to labour shortages, there isn’t enough staff to unload the cargo ships at these loading docks so some things like perishable produce are stuck go to waste, causing a shortage and higher prices on what’s available. There is also a labour shortage of delivery truck drivers, overall causing huge disruptions in the supply chain thanks to the COVID-19 pandemic. 

As a result of these shipping and manufacturing delays as well as labour shortages, we are now experiencing high inflation in the form of higher prices, especially in the months of October and November. So you might not get a great deal this Black Friday. BUT, we are still giving out a coupon code this year, and instead of our usual 10%, you get 20% off all rotors.