The retail industry’s supply-chain-induced inventory glut may turn out to have been a gift in disguise. Although companies are expected to report subdued annual earnings (the retail year typically ends January 31), diminished by markdowns and logistical costs, the abundance of merchandise may have allowed some breathing room to accelerate investment in reshoring and re-sourcing suppliers.
The top goal appears to be the unshoring of China, which established in 2022 that it is no longer a reliable source, given its handling of Covid and the twists and turns of geopolitics and trade skirmishes.
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