But slowing demand is the real issue that they ignore.
That part should be obvious by now. The chiddush for me was how much excess inventory the retailers are holding. Shipping delays are in fact the main cause of excess inventory, regardless of demand. As a shipper, I can tell you there’s so much uncertainty in forecasting which leads to ordering excess inventory to ensure goods don’t run OOS.
On a related note- I’m hearing that many wholesalers haven’t received orders from retailers the past month or 2.
