A sharp rise in consumer demand after the recent GST rate cuts and tax reforms has created an unexpected challenge for manufacturers and retailers: a shortage of supplies.
From carmakers to electronics brands, several companies are struggling to restock products and make timely deliveries due to limited factory output and transport bottlenecks, reported The Economic Times.
Large-screen televisions have gone out of stock in many parts of the country as manufacturers misjudged the post-GST demand surge. The report said companies are now increasing production, but a shortage of components and limited time to import fresh stocks has made it difficult to meet the sudden rise in orders.
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Smartphone makers are also facing the heat. Following record Navratri sales, brands are working overtime to refill shelves, particularly for premium
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