Panic ordering by retailers is making the supply chain crisis ‘even worse’

By Weizhen Tan
CNBC Retail
October 20, 2021
Category: Finance & Economics
Region: Canada, United States

Supply chains everywhere have been hit by massive disruptions this year, from container shortages to floods and Covid infections setting off port closures. “Suddenly retailers and manufacturers are overordering because of these supply chain issues, and that’s just leading to essentially an even worse scenario,” Jonathan Savoir, CEO of supply chain technology firm Quincus told CNBC’s “Squawk Box Asia” on Monday. The energy crises in mainland China and Europe are the latest to roil the shipping industry.

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