Retailers worldwide lose a staggering $1.75 trillion annually due to the cost of overstocks, out-of-stocks and needless returns, indicates a new research released from retail analyst firm IHL Group, commissioned by OrderDynamics.
IHL’s new research, ‘Retailers and the Ghost Economy: $1.75 trillion reasons to be afraid’ is described as a landmark report that details the impact of overstocks, out-of-stocks and needless returns — three of the primary components of the ghost economy haunting retail – on the $14.5 trillion retail economy worldwide.
The ghost economy research is the combination of several primary research studies of different audiences and then combined with overall retail sales worldwide. The following is a cut of the IHL inventory distortion research commissioned by OrderDynamics.
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