The coronavirus pandemic has hit demand hard. The historic plunge of oil prices is a clear indication of demand destruction in commodities. Indian companies are already navigating through what is possibly their worst quarter in history, due to a national lockdown. Companies are caught in a trap of bleak prospect for sales and bloated inventories. Inventory refers to goods that are in various stages of being made ready for sale - which includes raw materials, work in progress and finished goods. To illustrate,...
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