Inventory constraints at QVC accredited to disruptions in supply chain
QVC sales experienced significant disruption stemming from global supply chain disruptions, compounded by a December 2021 fire which destroyed 75.0% of its North Carolina-based distribution center. According to QVC, a 9.0% decline in units sold could be accredited to inventory constraints in 2021. Following the destruction of its distribution center, the company has announced its expects to layoff 2,000 employees by mid-2022.
COVID|LaborIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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