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In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. Bottlenecks from future COVID-19 variants are possible. We’ve seen how the lockdowns in Shanghai snarled global supply chains. Weather events might also be factors.
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It adds that by analyzing revenue forecasts, inventory levels, and order volumes, the index provides industry stakeholders with valuable insights into what to expect in the next quarter and how these trends reflect the freight market. This combination of factors has bolstered revenue expectations despite ongoing economic uncertainties.
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