due to chip shortages killing production.

That industry is gridlocked for about a year and it's suppliers/complimentary industries are laying people off to deal with the shortages. And the sad part is I think some of these suppliers are doing this on purpose.

https://www.cnbc.com/2021/10/26/biden-hopes-fines-on-lingering-cargo-ships-ease-congestion-at-major-us-ports.html

Keeping supply ships on docks under the guise of not being able to move them. Funny how things started moving when those fines got instituted. Not to say there aren't legit issues though. This part of the article:

"The nation’s knotted supply chain is bearing the brunt of surging consumer demand, high transportation expenses, labor shortages, overseas manufacturing delays, trade policies and inflation.

What’s more, the approaching holiday season has intensified the situation as loosened public health measures and coronavirus vaccines point to larger celebrations this year compared to 2020.

“We haven’t seen something of this magnitude in quite some years,” Federgruen added. “The individual consumer will feel enormous inflation together with not being able to purchase the goods if this persists,” he added."

Is what I'm expecting for holiday shopping.