Funkothe company best known worldwide for its line of Funko Pop figures, decided just that send to pulp The value of unsold items $30 millionto try to solve the inventory overload problem.
According to reports from Kotaku, Funko reported the matter during a recent conference with shareholders, explaining that the amount of unsold products in inventory is so great that the most economically viable option is to throw everything into a landfill.
Funko reported that “year-end inventory was $246.4 million, up 48% from last year”. “This includes inventory, which the company plans to dispose of in the first half of 2023 to reduce costs by managing inventory levels to align with the operating capacity of its distribution centers,” the statement said.
CEO Brian Mariotti told the conference that the distribution center was so full that he had to rent shipping containers to handle the excess inventory. Apparently, the exponential growth of Funko Pops and other gadgets the company produces has led to unmanageable overproduction for the company, which now finds itself forced to dump millions of dollars in unsold product.
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