Retailers’ inventory levels are heavy going into the holiday season as supply chain pressures eased (evidenced by the latest readings in the RSM US Supply Chain Index) and consumer demand shifted away from products and toward experiences. Consumer goods companies have discounted product to right-size ... READ MORE >
Resale is big business and an opportunity for middle market consumer goods companies
The resale industry is expected to exceed new goods apparel growth by 16 times, according to Bloomberg, increasing the market from $9 billion in 2020 to $51 billion by 2026. In 2010, 4% of closets consisted of secondhand clothing; in 2021 that has increased to 9%, and projections are as high as 27% by ... READ MORE >
Back-to-school consumer business outlook: Return of the discount
In our four-part blog series, RSM’s senior industry analysts explore back-to-school shopping trends and the impact on consumer businesses. This week we focus on how retailers are leveraging discount strategies. During the COVID-19 pandemic retailers and wholesalers faced supply chain disruptions and ... READ MORE >
A new ban on some Chinese goods may prompt further consumer goods supply chain disruptions
On June 21, the United States government implemented laws under the Uyghur Forced Labor Prevention Act that have a significant impact on consumer goods companies’ supply chains. This stems from the U.S. condemning forced labor and repression of minority groups in the Xinjiang region in China, including ... READ MORE >