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In part, that was because shoppers spent more on lower-margin groceries and less on big-ticket, higher-margin items like home goods and electronics. The inventory plunges represent a dramatic ...
Between 2020 and 2023, there was a worldwide chip shortage affecting more than 169 industries, [1] which led to major price increases, long queues, and reselling among consumers and manufacturers for automobiles, graphics cards, video game consoles, computers, household appliances, and other consumer electronics that require integrated circuits (commonly called "chips").
The expected value of excess inventory from spring 2020 collections is estimated between $160 billion to $185 billion worldwide, more than doubling average levels.
Over time, the company expanded on the shortage sourcing that characterized its earliest business model. [4] Services offered include inventory management programs such as VMI or EOL models, third-party purchasing, excess inventory management, IT Asset Disposition (ITAD) and secure data erasure, HDD & SSD services, rework, component recovery, reverse logistics, and kitting.
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Overstock, excessive stock, or excess inventory arise when there is more than the "right quantity" of goods available for sale, [1] or when "the potential sales value of excess stock, less the expected storage costs, does not match the salvage value". [2] It arises as a result of poor management of stock demand or of material flow in process ...
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