Glut

A 'glut' refers to a situation or condition of excessive supply or overabundance of goods, resources, or any items. It is characterized by an overwhelming surplus that often exceeds demand, leading to a decrease in value or quality of the items provided. The term can also be used more abstractly to describe an overwhelming excess in various contexts, including emotions or activities.

Glut meaning with examples

• The market experienced a glut of oranges this season, forcing farmers to sell their harvest at significantly lower prices. The abundance was unexpected and led to many growers struggling to find buyers, resulting in many fruits going uncollected and wasted. 'This year's crop was larger than anticipated, and now we are seeing the consequences,' one farmer lamented.
• In the tech industry, a glut of smartphones has led to fierce competition and plummeting prices. Manufacturers are now struggling to differentiate their products as consumers face an overwhelming array of options. 'Consumers are confused with so many choices, and prices have dropped steeply,' explained a tech analyst regarding the impact of the glut on the market.
• The administration implemented policies to counteract the glut of low-cost imports that threatened local businesses. By imposing tariffs, they aimed to create a more level playing field and stabilize the market for domestic products. 'Our goal is to support local manufacturers who have been struggling against this overwhelming influx of cheaper goods,' stated an official.
• During the pandemic, many restaurants faced a glut of food supplies as they had to close their doors. This excess led to food banks being flooded with donations of perishable goods that otherwise would have gone to waste. 'We had to quickly coordinate efforts to transport and distribute the food,' a food bank representative said about managing the unexpected surplus.