Holiday goods on stalled ships will likely never make it in time

Yes, but: The nonprofit organization, which helps facilitate activity for four major ports, put a new queuing system in place last month to push awaiting ships further off-coast in an effort to cut emissions and improve maritime safety.

• There are 59 “loitering or slow-speed-steaming” container ships outside the new Safety and Air Quality Area, for a total of 94 ships backed up (down from 96 on Friday).

Why it matters: Holiday goods still sitting on boats will likely never make it in time.

• Now, companies that may have over-ordered in response to supply chain constraints risk facing an inventory glut come January.

What we're watching: Which retailers get caught with oversupply.

• "Nobody wants to write down inventory after Christmas," Jaime Katz, a senior equity analyst for Morningstar, tells Axios.
• Holiday Barbies, for example, are not going to sell for full price after the holidays.