News for US Wholesalers
On Wednesday, the U.S. Census Bureau released a preliminary report on data pertaining to wholesale inventory for the month of September. Wholesale inventory in the United States was shown to have decreased by 0.1% in September. This is compared to a 0.3% increase in August, which itself was revised from 0.4%.
When adjusted for seasonable variations, but not for price changes, the Census Bureau reports wholesale inventories for September at an end-of-month level of $634.8 billion. By contrast, the revised figure for August was $635.2 billion. Year-to-date, wholesale inventories in the United States are down 4.5% from September 2019.
Inventories are, of course, a key component of gross domestic product changes. A high inventory points to an economic slowdown and a glut of unsold goods, while a low number shows high demand, products flying off the shelves, and stronger growth.
The global coronavirus pandemic, the Great Lockdown, and the associated economic slowdowns which have ensued, however, seemed to change the rules.
Wholesale inventory and the inventory-to-sales ratio has been quite volatile month-to-month throughout the pandemic. The latter initially soared during the early stages of quarantine and social distancing. Sales collapsed across industries, and wholesalers were stuck with excess goods.
Then, as the economy recovered, economic activity picked up, and sales with it. The ratio, and inventory declined. By August, inventories rose again, as wholesalers began to replenish their dwindling supplies. Now wholesale inventory is down again, showing strong and steady demand and wholesalers struggling to keep up.
The economic disruptions of the coronavirus pandemic have demonstrated the need for firms and industries to face unprecedented challenges and ensure they have the tools available to meet them. Among these are reliable supply chains, the ability to match supply with demand, and easy access to markets and consumers on a global scale.
Enter Shop The Globe, the latest weapon in your wholesale arsenal. Shop The Globe is a new global online wholesale marketplace owned by an established global news company. Shop The Globe allows sellers to post news publications and listings on our website at no upfront, out-of-pocket cost. In return, Shop The Globe charges sellers only 12% of what they sell.
With a simple sign-up process and minimal setup time, wholesalers are better able to get up and running on Shop The Globe quickly and easily. At Shop The Globe, we have also eliminated the costly and redundant middlemen, helping wholesalers to cut costs in these uncertain times.
Shop The Globe operates in over 100 major languages, allowing sellers to reach buyers in a language you each understand. Shop The Globe also offers a wide variety of currencies, ensuring an easier flow of goods and capital from sellers to buyers all over the world. More of each are on the way.
Shop the Globe is our third site, along with Freelance Global Gigs, and parent site, Communal News. All three sites have demonstrated quick growth and established themselves as global platforms at no or very low cost to our vendors. Anyone can read our targeted articles on Communal News, Google News, or Facebook News.
Communal News offers up-to-date reports and forecasts on a wide variety of products and services, markets and industries. We also provide readers daily news, business, sports, and analysis. For more information about our sites, click here.
Managing supply to keep up with demand can be trying even in normal times. Let Shop The Globe help you make it easier. Try it today! Shop the Globe’s Global Wholesale Vendor Registration is free.