Poor B****y inventory!
9 September 2020 | by Peter Warburton
The recorded value of inventories in US and UK plunged in the June quarter as consumers cleared the shelves and fractured supply chains could not cope. However, there is no estimate of the inventory that was rendered worthless by the shuttering of factories and shops. The commercial losses sustained and the threat of further Covid-19 lockdowns has created an environment of extreme caution regarding re-stocking. Tight inventory conditions will allow profit margins to be restored and inflation rates to jump.