Large retailers are still working through inventories built up in the first half of the year, which economists say could limit shipping ahead of the holidays.
Some major retailers say they still are trying to pare down inventories from big buildups earlier this year, potentially dampening prospects for a surge in shipping heading into the holiday season.
Retailers Scale Back After Big Inventory Buildups
Global flows have been a common thread in economic growth for centuries, since the days of the Silk Road, through the mercantilist and colonial periods and the Industrial Revolution. But today, the movement of goods, services, finance, and people has reached previously unimagined levels. Global flows are creating new degrees of connectedness among economies—and playing an ever-larger role in determining the fate of nations, companies, and individuals; to be unconnected is to fall behind.
Global flows in a digital age | McKinsey & Company.