Control your inventory
Higher inventories are everywhere. Consider that average warehouse space for nonessential materials (outside of current/6-month demand) has increased by more than 11% in the past 12 months. Given the uncertainty that persists after COVID, the associated nationwide shut down, and the subsequent impacts on the supply chains; it is not surprising to see inventory levels at such high levels. Given everything that has transpired, it is completely understandable that companies have found themselves in the trap of inventories that never stop growing. The good news is that a solution is easy to implement. It’s a matter of choice.