In 2020, the pandemic caused inventory distortions in the retail industry. While some product categories were extremely sought after (e.g. hygiene products), other consumer goods were less in demand. Concerning the retail sector, the overall value of products going out-of-stock reached 1,140 billion U.S. dollars worldwide.
Estimated value of the global inventory distortion in the retail sector in 2020
(in billion U.S. dollars)
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IHL Group. (July 16, 2020). Estimated value of the global inventory distortion in the retail sector in 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 11, 2024, from https://www.statista.com/statistics/1168682/worldwide-retail-inventory-distortion/
IHL Group. "Estimated value of the global inventory distortion in the retail sector in 2020 (in billion U.S. dollars)." Chart. July 16, 2020. Statista. Accessed December 11, 2024. https://www.statista.com/statistics/1168682/worldwide-retail-inventory-distortion/
IHL Group. (2020). Estimated value of the global inventory distortion in the retail sector in 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 11, 2024. https://www.statista.com/statistics/1168682/worldwide-retail-inventory-distortion/
IHL Group. "Estimated Value of The Global Inventory Distortion in The Retail Sector in 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Jul 2020, https://www.statista.com/statistics/1168682/worldwide-retail-inventory-distortion/
IHL Group, Estimated value of the global inventory distortion in the retail sector in 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1168682/worldwide-retail-inventory-distortion/ (last visited December 11, 2024)
Estimated value of the global inventory distortion in the retail sector in 2020 (in billion U.S. dollars) [Graph], IHL Group, July 16, 2020. [Online]. Available: https://www.statista.com/statistics/1168682/worldwide-retail-inventory-distortion/