What does "destocking" mean?

The process of reducing inventory or of stocking less.

Destocking

noun, verb

noun, verb ·Rare ·Advanced level

Noun

1
The process of reducing inventory or of stocking less. uncountable
"The news article said that destocking was to blame for reduced sales."

Verb

1
present participle and gerund of destock; to reduce stock or inventory. form-of, gerund, participle, present
"Many shops are destocking high-end goods due to the recession."

"The news article said that destocking was to blame for reduced sales."