Flexport CEO predicts severe retail inventory oversupply within six months
Ryan Petersen · E66: $FB's big drop, Rogan/Spotify mess, Xi/Putin meetup & supply chain issues with Ryan Petersen · Feb 5, 2022 · at 12:17
Flexport CEO Ryan Petersen predicts a bullwhip effect where companies over-ordered inventory during supply chain bottlenecks while consumer demand normalizes.
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“I'm really worried that we're going to find out in six months or in some time period in the future here that people have ordered way too many goods, that these companies expected demand to stay high and keep booming. At some point, consumers start going to restaurants and start traveling a lot more. You get pre COVID consumption patterns and all these companies get stuck with way too much inventory.”
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