Weak demand and slimmer retail margins eat into airfreight spend
Concerns over excess inventories at retailers are misplaced: the real issue is weak demand and ...
© Timon Schneider
By Alex Lennane
The logistics challenges of the past two years look likely to have forced the doors of yet another retailer to close.
Made.com, a UK digital furniture retailer, appears to have succumbed to “freight inflationary pressures” and looks set to close, despite a £775m ($896m) IPO just last year.
According to the FT, Covid-related supply chain snafus hit Made’s just-in-time business model, which relied on it not holding inventory.
But it was forced to hold stock, resulting in higher warehouse and fulfilment costs which, ...
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