Global Toy Shortage This Holiday Season

Business Punk

Top toymakers say their products will be harder to find and more expensive this holiday season.

New York (CNN Business)The makers of some of the most popular toys in the United States sounded the alarm this week about the global shipping crisis and labor shortages limiting their ability to keep stores stocked throughout the fall holiday shopping season.Two leading toy company CEOs who recently spoke with CNN Business said they fear their supply chain woes and the resulting inflated prices will mean many children won’t get the toys they want for Christmas. That’s why they’re warning parents to get their holiday shopping done early.”There is going to be a major shortage of toy products this year,” MGA Entertainment CEO Isaac Larian told CNN Business. “The demand is going to be there. What is not going to be there is the product to fill the demand.”

Larian’s privately held company owns…

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