Consequently, the number of inventory days is on the rise for stockists, while credit days between retailers and distributors have also gone up.
Amid the changing scenario, distributors and stockists have also curtailed their purchases.
A Maharashtra-based distributor, who caters to the western region and did not want to be identified, said that demand had slowed down considerably and his inventory holding days were increasing gradually. Right now, his inventory holding days stand at 9, which is two days more than his average.
This story is from the September 09, 2023 edition of Business Standard.
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This story is from the September 09, 2023 edition of Business Standard.
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