They have too much inventory, but it's stuff that no one wants. When companies pulled orders during the pandemic, they shifted production to stuff people did. However, they wound up oversaturating the market, demand was far outstripped by supply, so they have mountains of virtually worthless junk. Now the companies that pulled their orders want those products back in production, those companies aren't willing to return to producing those products, so they are hemorrhaging money by just being obstinate.

This is a self-imposed problem that tax-payers will be obligated to solve.