If you are planning to bring home an air conditioner, refrigerator or a washing machine in a week’s time or two, chances are, your nearest retailer may not have the full inventory to let you choose from. And it’s not a sulking salesman you are dealing with. You are out for shopping at a time when consumer durable companies in India are struggling with diminishing inventories.
And that’s because consumer durables companies in India – which depends heavily on components from China – have been affected by the pile-up of cargo ships near Shanghai port.
Consumer product companies dealing in refrigerator and air-conditioner estimate supplies will be lower than demand from May onwards, owing to the heatwave and pent-up demand. The shortage in supply of consumer electronic components from China will only widen this demand and supply gap in the coming months.
Source: Business Standard