Retail

Boat maker Brunswick sees revenue growth but faces low inventory levels: CEO

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Boat maker Brunswick will have low inventory by the end of 2021 as it continues seeing strong revenue growth and consumer demand, Brunswick CEO David Foulkes told CNBC on Friday.

While Foulkes said he expects Brunswick to meet its production forecast for 2021, he noted that the company is still recovering from pandemic-induced supply chain disruptions and labor shortages. 

“We’re producing as much as we can, but we will still be in a very low inventory situation by the time we get through this year,” Foulkes said on CNBC’s “Power Lunch.” He said it will probably take more than two years to meet retail demand and backfill the industry pipeline at current production rates.

“We ended last…



Source cnbc.com

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