Whirlpool has decided to slash production of its appliances by a third

InflationMoney MattersSales
Written By Jennifer Joslyn

⏲ Whirlpool has decided to slash production of its appliances.

Due to plummeting demand for refrigerators, washers, and dryers, the home goods and appliance maker is shrinking its inventory by cutting production by nearly one-third. The cost of manufacturing has grown and customer demand has shrunk. This is a similar move to Procter & Gamble, a household goods supplier that is working on diversifying in order to keep its customers buying by switching to working with cheaper brands.

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Jennifer Joslyn
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