The effect of Covid pandemic is showing real effect.
After the trail of bankruptcies and closures, now job losses have begun at some of the leading retail chains.
Big names like JCP, J Crew, Neiman Marcus, True Religion, Modells, etc. have already filed for bankruptcy protection.
There are many other big names who are struggling to maintain their cash flow.
Retailers are downsizing their teams, cutting their inventory cost, looking at liquidating existing stocks and looking at all other venues to cut down the operating cost.
All these actions are directly impacting supply chains across the globe.
It is quite evident that there will be reduction in both demand and supply.
