Unfortunately I cannot say too much as my employer is a public company, but some high level stuff is 1) overbought inventory the past 18 months paid for with much higher freight costs that are never getting passed on 2) consumer purchases for non-essentials are way down 3) cheap money for over a decade has created horrible business practices and management teams that don’t actually know what they are doing, but could hide behind cheap money.

These problems, and many others, lead to more and more defaults coupled with a lack of capital in the market to paper over cash flow issues.

This is a much larger issue than just a post on Nostr, but that’s the 50,000 foot view.