article thumbnail

Sustainable Supply Chains in 2022 (and Beyond)

Retalon

This was possible because: Talented labor in other countries was cheaper than domestic workers Overseas factories began producing high-quality products at lower prices Consumers wanted goods to be equally attainable for all financial classes Increased margins allowed retailers to stock more inventory and carry larger assortments.

article thumbnail

The Future of Retail in the New Era of Risk

Retail Prophet

The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. The myopic focus on low price has lead to an epidemic of markdowns and dead stock. Image Credit: Hip To Save). Becoming a Force for Good.