Online sopping

What to Expect on Cyber Monday? Sold Out Items.

Americans are expected to spend a record amount on online shopping this Monday. But inventory shortages caused by global supply chain disruptions could damper the holiday cheer.

Adobe Analytics, which monitors holiday shopping, expects Americans to spend more on the digital holiday than even Black Friday. But they are likely to see many items out of stock. On the top of the list of items expected to be sold out: apparel, electronics, sporting goods and products for young children.

Adobe estimates Americans will spend $11.3 billion over an average of 12 hours accumulated shopping per customer this season.

Hot ticket items to look out for this holiday season are Apple Airpods and Airpods Max, drones, Samsung and LG TVs, air fryers, weighted blankets, instapots, record players, smart mugs and water bottles.

An estimated 62.8 million people plan to shop on Cyber Monday this year, according to a survey conducted by the National Retail Federation.

Malls and other stores started filling early as retailers bumped up their sales ahead of Black Friday. The early shopping has cut into store inventories.

The usual plethora of cheap tech gadgets like laptops, TVs and game consoles has also been harmed by the chip shortages that have reduced supplies.

"Inventory shortages will be very much of a concern, and the bottlenecks and the delays and the high cost will impact the price of products that are in high demand," said Nick Vyas, director of USC's Kendrick Global Supply Chain Management Institute.

He said readily available products will have steep discounts, while items with less inventory are likely to be marked closer to their retail value.

The disruption in the global supply chain will force many Americans who had counted on buying those cheap tech gifts to get creative with their gift-giving. The NRF expects gift card purchases to hit $28.1 billion as shoppers look for more flexible options for presents.

Subscribe to our newsletter to catch every headline.

Image by Candice Navi

Though Silicon Valley is still very much the capital of venture capital, Los Angeles is home to plenty of VCs who have made their mark – investing in successful startups early and reaping colossal returns for their limited partners.

Who stands out? We thought there may be no better judge than their peers, so we asked 28 of L.A.'s top VCs who impresses them the most.

Read more Show less
Ben Bergman

Ben Bergman is the newsroom's senior finance reporter. Previously he was a senior business reporter and host at KPCC, a senior producer at Gimlet Media, a producer at NPR's Morning Edition, and produced two investigative documentaries for KCET. He has been a frequent on-air contributor to business coverage on NPR and Marketplace and has written for The New York Times and Columbia Journalism Review. Ben was a 2017-2018 Knight-Bagehot Fellow in Economic and Business Journalism at Columbia Business School. In his free time, he enjoys skiing, playing poker, and cheering on The Seattle Seahawks.

Pejman Nozad, a founding managing partner at Pear VC, joins this episode of LA Venture to discuss Pear VC's current initiatives, including its accelerator and fellowships. He's seen as one of the most successful angel investors in the area, and for good reason: he has made more than 300 investments in his lifetime.

Read more Show less
Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.