In 2020, manufacturers suffered the most from inventory distortions in the retail sector. The imbalance between supply and demand registered during the coronavurus pandemic produced costs amounting to 677 million U.S. dollars at the manufacturing level. In fact, the surge in demand for consumer products produced out-of-stock costs as well as overstock ones, together with other depending factors like outdated IT procedures or home office for employees. In total, the inventory distortion caused a 580 million U.S. dollars loss for stores.
Value of inventory distortion costs in retail industry worldwide in 2020, by player
(in million U.S. dollars)
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IHL Group. (September 3, 2020). Value of inventory distortion costs in retail industry worldwide in 2020, by player (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1199064/inventory-distortion-costs-breakdown-in-retail-industry/
IHL Group. "Value of inventory distortion costs in retail industry worldwide in 2020, by player (in million U.S. dollars)." Chart. September 3, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1199064/inventory-distortion-costs-breakdown-in-retail-industry/
IHL Group. (2020). Value of inventory distortion costs in retail industry worldwide in 2020, by player (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1199064/inventory-distortion-costs-breakdown-in-retail-industry/
IHL Group. "Value of Inventory Distortion Costs in Retail Industry Worldwide in 2020, by Player (in Million U.S. Dollars)." Statista, Statista Inc., 3 Sep 2020, https://www.statista.com/statistics/1199064/inventory-distortion-costs-breakdown-in-retail-industry/
IHL Group, Value of inventory distortion costs in retail industry worldwide in 2020, by player (in million U.S. dollars) Statista, https://www.statista.com/statistics/1199064/inventory-distortion-costs-breakdown-in-retail-industry/ (last visited November 21, 2024)
Value of inventory distortion costs in retail industry worldwide in 2020, by player (in million U.S. dollars) [Graph], IHL Group, September 3, 2020. [Online]. Available: https://www.statista.com/statistics/1199064/inventory-distortion-costs-breakdown-in-retail-industry/
