The pandemic caused inventory distortions in the grocery and mass-market retail. While some product categories were extremely sought after, other consumer goods were less in demand. In 2020, the imbalance between supply and consumer demand produced a total out-of-stock value of 176.7 billion U.S. dollars. Conversely, the value of consumer goods going out-of-stock amounted to 568.7 billion U.S. dollars.
Estimated value of the global inventory distortion among grocery retailers and mass merchants in 2020
(in billion U.S. dollars)
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IHL Group. (December 17, 2020). Estimated value of the global inventory distortion among grocery retailers and mass merchants in 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199024/worldwide-inventory-distortion-in-grocery-retail/
IHL Group. "Estimated value of the global inventory distortion among grocery retailers and mass merchants in 2020 (in billion U.S. dollars)." Chart. December 17, 2020. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199024/worldwide-inventory-distortion-in-grocery-retail/
IHL Group. (2020). Estimated value of the global inventory distortion among grocery retailers and mass merchants in 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199024/worldwide-inventory-distortion-in-grocery-retail/
IHL Group. "Estimated Value of The Global Inventory Distortion among Grocery Retailers and Mass Merchants in 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Dec 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199024/worldwide-inventory-distortion-in-grocery-retail/
IHL Group, Estimated value of the global inventory distortion among grocery retailers and mass merchants in 2020 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199024/worldwide-inventory-distortion-in-grocery-retail/ (last visited November 10, 2024)
Estimated value of the global inventory distortion among grocery retailers and mass merchants in 2020 (in billion U.S. dollars) [Graph], IHL Group, December 17, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1199024/worldwide-inventory-distortion-in-grocery-retail/
