With inventories elevated in many categories and the economy slowing amid inflationary pressures, larger retailers are using reclaimed leverage to cancel orders, fight price increases and seek out concessions from suppliers.
Vendors had enjoyed an extended period of pricing power amid inventory shortages caused by supply chain disruption.
“It is the fastest boomerang in giving power back to retailers that I’ve ever seen,” Archie Black, CEO of SPS Commerce, told The Wall Street Journal.
