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for consumer products produced out-of-stock costs as well as overstock ones, together with other depending factors like outdated IT procedures or home office for employees.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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Value 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 July 22, 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 July 22, 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: July 22, 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 July 22, 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/