The Washington Post goes into the inventory/capacity problem today in an article that we'll be seeing a lot more of.
"The world is suddenly awash in almost everything: flat-panel televisions, bulldozers, Barbie dolls, strip malls, Burberry stores."
Layoffs, closures and production cuts will help with the capacity side of the equation, but with respect to finished goods, we still need to sell all the extra stuff. With a car, a house or an office building, that's a big deal. Good news for consumers, bad news for everyone else.
"The world is suddenly awash in almost everything: flat-panel televisions, bulldozers, Barbie dolls, strip malls, Burberry stores."
Layoffs, closures and production cuts will help with the capacity side of the equation, but with respect to finished goods, we still need to sell all the extra stuff. With a car, a house or an office building, that's a big deal. Good news for consumers, bad news for everyone else.
No comments:
Post a Comment