Businesses are holding extremely low stock levels and are reluctant to boost inventories, according to some of Europe's leading chief executives – providing evidence of lingering doubts about the durability of economic recovery.
Business leaders from consumer goods, chemicals and manufacturing companies have told the Financial Times that they have little idea of when demand will return.
“Orders are being placed at very short notice. Seven days or two weeks maximum. Before it was two months. So visibility is very low and there is not much restocking,” said Feike Sijbesma, chief executive of DSM, the Dutch life sciences group that supplies many industries.
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