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MountainScorpion t1_j1vvlnl wrote

I just laughed so hard, I almost shat myself.

Prices are up ~30%, wait lists are common, inventory is still backlogged,
and they're trying to claim they have too much on hand?!?

This is the bullshit of the 'just-in-time' framework. This is what causes logistics cascades.

These people should be laughed at, not taken seriously.

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stufmenatooba t1_j1w9hrk wrote

They have too much inventory, but it's stuff that no one wants. When companies pulled orders during the pandemic, they shifted production to stuff people did. However, they wound up oversaturating the market, demand was far outstripped by supply, so they have mountains of virtually worthless junk. Now the companies that pulled their orders want those products back in production, those companies aren't willing to return to producing those products, so they are hemorrhaging money by just being obstinate.

This is a self-imposed problem that tax-payers will be obligated to solve.

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DrB00 t1_j1xeofl wrote

It's intentional market manipulation. They have a ton of raw silicone for the chips on hard. They just can't be bothered to put them into video cards to sell because they want to artificially keep the price high

2

MountainScorpion t1_j1xg4lb wrote

Same issue with Single Family Homes in the US.

We have plenty of land to build them on, but speculators have injected insane liquidity into properties and are therefore opposing any form of affordable single family homes because it would destroy the inflationary "value" of the things they bought.

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