Dogs do speak, but only to those who know how to listen.
- Orhan Pamuk
As components of the U.S. economy begin to reopen, the fallout from the CV-19 induced demand shock will be felt differently across sectors. Over the last decade, the secular shift toward e-commerce at the expense of brick-and-mortar in the retail sector has been characterized as "the retail apocalypse". This term is a generalization - there have been many traditional retailers and product manufacturers with strong e-commerce channels that have transcended the headwinds faced by retailers.
As supply chains shift in