"Given current economic uncertainty and sufficient brick inventory levels, the board has reviewed the current production plan and has decided to maximise the utilisation of our most efficient brick plants and effectively manage our cost base," the company said.
While relatively few new sellers put their homes on the market in July, the drop in sales was sufficient to push inventory levels up to 12.5 months.
That seems unlikely, given inventory levels.
"Our inventory levels are not high.
The caveat, according to the report: "If only there were sufficient inventory to satisfy the demand".
The letter acknowledged that the company hadn't maintained a sufficient inventory of the drugs.
And the supply chain has basically reduced their inventory levels.
An index measuring inventory levels declined to 39.3 from 41.4.
He predicted that would increase already bloated inventory levels.
This regional backup is also evident in foreclosure inventory levels.
At one leading retailer, 65% of inventory records were inaccurate (i.e., recorded inventory levels did not reflect actual inventory levels).
