Tackling Excess Stock: A Supply Chain Call to Action
By Caroline Croft, Supply Chain Consultant, Croft & Associates Supply Chain Consulting – Wow, what a difference a year makes! Empty shelves in 2022 became excessively overstocked in 2023. While it may be easy to lay the blame with Covid-19, let’s not forget distribution inventories and manufacturing lead times within our industry have always flexed up/down through economic cycles, even during in-year build seasons. Instead of laying blame let’s recognize how Covid amplified existing supply chain challenges, both in speed and extremity, over the past four years.