Sunday, October 11, 2009
Success is not excess!
Every year there is $100 billion to $1.5 trillion in over supply of goods- the worst being non-perishable foods, seasonal clothing, consumer electronics and other consumer packaged goods. (that's a lot of packaging waste as well)
Excess inventory represents 7% of annual revenues in the apparel segment.
This results in corporation losses as well as extra environmental impact as this overstock must still be transported and warehoused. Add this to the initial manufacturing costs, its a big price to pay for garbage!