This is a little incorrect for some sectors, though for other sectors would absolutely be right. I work in a product oriented company (won't get into details),

This is a little incorrect for some sectors, though for other sectors would absolutely be right. I work in a product oriented company (won't get into details), and because of inflation and other areas of the downturn, raw materials (plastics, circuit boards, wood) got more expensive. We then needed to adjust the final sticker price higher which (understandably) means that some customers at say, Walmart, are less likely to buy the product. It's a very real tight squeeze on both ends for us and also for the customer. This has been going on for a few months now and was a major early indicator (imo) to me that things were going to get grim for a bit.