Why Is Everything More Expensive Right Now?

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Why Is Everything More Expensive Right Now?
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.AlanaSemuels tracked a stuff giraffe from the factory to her doorstep in 2021. Getting it to the U.S. was much more difficult than it used to be

ani, a 4-foot plush giraffe, arrived on my doorstep in mid-July, her neck bent backwards so that she could fit in the FedEx box, her brown eyes glassy, as if still finding her bearings after a long journey at sea.

These rising prices are stressful for consumers, whose money doesn’t go as far as it used to, and for companies, who are seeing their costs rise and have no choice but to pass it on to consumers. When the cost of getting a container full of stuffed toys quadruples, “we have to raise prices in order to make money,” says Mike Molson Hart, the president of Viahart, which sells plush animals and toys called Brain Flakes, primarily on Amazon.

A shipment of toy giraffes at the Viahart distribution facility in Wills Point, Texas on July 23, 2021.Beginning around April of 2020, even the freight forwarders, who do this professionally, started having a hard time finding space on ships. In normal years, demand for space on ships peaks around Chinese New Year, right before all the factories in China shut down for the holiday, says Jeffrey Wang, business development executive at Air Tiger Express, a freight forwarder Viahart frequently uses.

If she had stayed on that boat, she would have arrived in the U.S. on November 4, after the ship stopped in British Columbia and then the Port of Long Beach, which, together with the adjoining Port of Los Angeles, is the busiest container port in the United States. But Jani and her container were offloaded in Shanghai.Viahart got no explanation for why it was offloaded; the company was just informed that the container would now arrive on November 11, rather than the previous week.

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