The past few years have been challenging for the wholesale industry due to obstacles caused by the COVID-19 pandemic, supply chain disruptions aggravated by an unstable geopolitical environment, and record-high inflation. Despite lingering macroeconomic concerns, retail sales increased 6% year-over-year.
Moreover, cooling inflation and a slowdown in interest rate hikes might boost consumer spending this year. Furthermore, resale goods market expansion, increased e-commerce usage, and improved supply chain conditions are projected to keep the wholesale and retail industry buoyant this year.
