OTTAWA, Ont. — The inventory-to-shipment ratio continued to climb in October, increasing from 1.32 to 1.33 after rising from 1.28 to 1.32 in September. The current inventory to shipment ratio is the highest since reaching 1.38 in August 2003.
The combined effect of finished goods inventories rising 1.3%, and shipments dropping 0.1%, resulted in the finished-product inventory-to-shipment ratio increasing for the second straight month to 0.47 in October.
The inventory-to-shipment ratio is a key measure of the time, in months, that would be required to exhaust inventories if shipments were to remain at their current level.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News