The pandemic has cast unpredictable headwinds to the global economy and established "new normal" conditions compelling consumer goods and retail companies to examine vulnerabilities in their supply chains. Business disruption, including store closures and travels bans, has significantly affected sales, and inventory obsolescence has become a challenging issue. According to the South China Morning Post, there is currently USD 200 billion worth of inventory sitting in warehouses after the dislocation problem with the pandemic. Fashion and retail companies have already been facing declining top line, supply chain disruptions and have pivoted quickly to online sales. Many brand owners, including fast-fashion ones, are looking to renew their business models and strategies to be more nimble and more adaptable in the post-COVID world.
This webinar brought together a panel of CG&R senior executives and legal practitioners and explored viable strategies to address inventory displacement resulting from the pandemic.