So, retailers have been using steep discounts to try to get rid of all the extra inventory they built up during the pandemic. And since we haven’t been buying as much stuff, retailers have too much inventory. And retailers had trouble securing the inventory they needed to meet demand.īut today, there are zero ships backed up at those ports. A lot has changed in the retail economy since last Thanksgiving. Back then, supply chains were congested - 57 container ships backed up outside the Los Angeles and Long Beach ports.
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