The global economic downturn has reduced demand for most industries. Companies like Samsung have to adapt. Earlier there were reports that the company has significantly reduced the production of smartphones. Now it’s the turn of televisions and household appliances.
Samsung is reportedly forced to make adjustments due to declining consumer demand.
Market research has shown that Samsung’s inventory turnover (based on how many times inventories are sold or used in a year) averaged 94 days in the second quarter of this year. That’s about two weeks more than last year.
A similar trend is observed in Samsung smartphones. It was previously reported that the company’s 50 million unsold smartphones were stuck in distributors’ warehouses.