In a period of ongoing economic uncertainty, companies are continuing to hold on to their cash reserves wherever possible. As such, many suppliers have begun to reduce inventory levels with fears that redundant stock risks significant losses if left unsold. As a result, lead times for electrical components have increased dramatically, hitting dangerously high levels that now stand at an alarming 52 days – five times higher than the previous 10-12 day standard. With less than six weeks until Christmas, this is a huge concern for retailers, who now risk being left short of supply of some of the most popular electrical products.
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