Getting in one last bit of work before the long weekend, the US Census Bureau released its Monthly Advance Economic Indicators Report for October on the day before Thanksgiving. Advance wholesale inventories were up for the month of October, by 0.9%. The August to September percentage change was revised from up, 0.4% to up 0.7%.
End of the month wholesale inventories for October, adjusted for seasonal variations but not for price changes, were estimated at $646.2 billion. That’s compared to a September figure of $640.4 billion. Year to date, however, that number is down 2.7% when compared to the end of October 2019.
It’s worth remembering that inventories are a key component of gross domestic product changes. High inventory usually indicates a surplus of unsold goods and could point to an economic slowdown. By contrast, low inventory usually indicates stronger economic growth, and demonstrates high demand with products flying off the shelves.
It doesn’t tell the whole story, however, particularly this year. The coronavirus pandemic, and the Great Lockdown employed to mitigate it, have provided a shock to the global business climate not seen in recent memory. Supply chains have been slowed down or disconnected, and supply and demand have oftentimes struggled to keep up with one another.
That’s not going to get any easier over the Holiday Season. Luckily, as a wholesaler, you have help. Meet Shop The Globe, the newest toy in your bag of goodies.
Shop The Globe is a new global online wholesale marketplace owned by an established global news company. With a simple sign-up process and minimal setup time, Shop The Globe allows wholesalers to to get up and running quickly and easily.
At Shop The Globe, we have also eliminated the costly and redundant middlemen, helping wholesalers to cut costs in these uncertain times. Shop The Globe allows sellers to post news publications and listings on our website at no upfront, out-of-pocket cost. In return, Shop The Globe charges sellers only 12% of what they sell.
Shop The Globe operates in over 100 major languages, allowing sellers and buyers to connect in a language you each understand. Shop The Globe also offers a wide variety of currencies, ensuring an easier flow of goods and capital from sellers to buyers all over the world. More of each are on the way.
Shop the Globe is our third site, along with Freelance Global Gigs, and parent site, Communal News. All three sites have demonstrated quick growth and established themselves as global platforms at no or very low cost to our vendors.
Communal News offers up-to-date reports and forecasts on a wide variety of products and services, markets and industries. We also provide readers daily news, business, sports, and analysis. Anyone can read our targeted articles on Communal News, Google News, or Facebook News. For more information about our sites, click here.
Let Shop The Globe help you make it through this unprecedented and unpredictable Holiday Season. Try it today! Shop the Globe’s Global Wholesale Vendor Registration is free.