I found this article yesterday about the shortage of toys for Christmas. I know it isn't dirrectly dealing with your specify toy, but I thought I will share. Hopefully, everyone can get their act together before the big day and we can find toys for our children.
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Toy shortage for the holidays?
Will Santa run out of toys this Christmas? Some industry Grinches are worried that the elves might come up a bit short this holiday season.
Underestimated demand has coupled with production problems in Chinese factories to cause a toy shortage this holiday season that extends beyond limited supplies of Sony's (SNE, news, msgs) hot PlayStation 3, according to a Wall Street Journal report today.
Chinese toy factories have experienced labor shortages as workers abandon their jobs for better-paying positions at higher-tech manufacturing companies, the article said.
In addition, power blackouts in southern China, where many of the factories are located, have led to decreased production, according to the Journal.
Oops! Misjudging consumer demand
The production issues come on top of already underestimated holiday demand.
Retailers and manufacturers looked at last year's slow sales and placed conservative orders this year, only to be met with higher-than-expected demand, marked by earlier holiday shopping trends, the article said.
Mattel's (MAT, news, msgs) giggling TMX Elmo is already selling for $65 on online auction site eBay, while it sells for $40 at its regular retail price.
Likewise, Walt Disney (DIS, news, msgs) has been pressed to get its latest Mickey Mouse, Goofy and other toys in stores faster than anticipated, the article said.
Both companies are eating the cost of air-shipping the finished toys over cheaper but slower ocean shipping, the article said.
