article thumbnail

Inventories pile up as customers buy less

Strategic Sourceror

But with the COVID-19 lockdowns lifted and life largely back to normal, retailers appear to have overestimated consumer demand, with their inventories far exceeding the once torrid pace of sales. Retailers aim to reduce their inventory that is piling up due to slower sales. Brought to you by the StrategicSourceror.

Inventory 104
article thumbnail

7 Reasons Why You Should Reduce Inventory

SCMDOJO

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bridging Payment Terms to Manage and Scale Global Trade Amid an Inflationary Economy

Let's Talk Supply Chain

Exporters now find themselves in a difficult position where they must balance gambling on increased credit risk from buyers, navigating slower logistics and remaining one step ahead of their competition by offering favorable payment terms. Reaction from Buyers. Solutions for Exporters.

Export 89
article thumbnail

Supply chain, labor issues forcing candy makers to problem solve

Strategic Sourceror

But as with a number of other industries, the candy sector is in the midst of labor shortage, unable to produce as much product as they have in the past and at the pace of consumer demand. Ever since, they're lucky to have the orders in buyers' hands within three months. Brought to you by the StrategicSourceror.

article thumbnail

Retailers' supply chains are in better shape for the holidays

Strategic Sourceror

While supply chain disruptions have frustrated both buyers and sellers since 2020, many of the previous bottlenecks have since been dislodged, setting the industry up for what could be a banner year from a sales perspective, despite high inflation.

article thumbnail

3 ways inflation is impacting global supply chains

Strategic Sourceror

Department of Labor, the Consumer Price Index in November 2022 had increased 7.1% Resurgent consumer demand, business closures, transportation disruptions and port congestion have all conspired to put pressure on suppliers and raise the cost of doing business. According to the U.S. over the previous 12 months.

article thumbnail

DDMRP: The future of managing supply and demand?

Skill Dynamics

These factors create a challenging landscape for supply chain professionals, who need to ensure that raw materials or parts are in the right place, at the right time in the right quantities to enable production and meet consumer demand. However, there is one glaring issue with MRP; it relies on forecasting!

Demand 52