Tuesday, February 17, 2009

Perhaps Warehousing Is The New Growth Industry

Unsold goods are piling up, and the sudden thrift among the populace means that inventories are rising. Business is feeling the pinch of combined overproduction and reduced demand, and is facing both a glut of product and nobody to buy it.

The Washington Post has a thorough, if bleak, breakdown on the problem, and some stark predictions if demand can't be generated soon.

In the meantime, with cars, televisions, toys and apparel piling up, maybe investing in warehouses to store all the excess consumables might well be profitable. The stuff has to go somewhere.

UPDATE: It seems that sweatshops are still paying well enough.

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