Who deserves the blame for the supply shortages?
"How could everyone, every manufacturer, seemingly every retailer be caught short so much of everything? Was everyone just stupid? Did they simply underestimate the comeback of the country and what their order books showed?" wrote Cramer in his Real Money column.
"As I go through the quarterly reports as this earnings season draws to a conclusion, amazingly, I can come up with just one company, Target (TGT) , that had the right inventory and, more importantly, the right amount of the RIGHT inventory, to be considered smart and ready. One company. How could they be so wrong?" Cramer wrote. "Part of what you need to consider is how Target could have been so right. CEO Brian Cornell made sure he was incredibly close to what his store managers even at the lowest level needed. Plus he has an innate sense of optimism about the American consumer that could have been disastrous if the pandemic had not waned and the death toll not be diminished."
Hear what Jim Cramer is only telling members of his Action Alerts PLUS investing club in Friday’s Daily Rundown.