Shrinkages

Shrinkages, in a broad sense, refer to reductions in size, amount, or value. This can encompass physical diminishment, such as textiles shrinking after washing, or economic losses, like a decrease in a company's profit margin. Furthermore, shrinkage can also denote a decline in emotional state, where a person experiences a withdrawal or a lessening of feelings. This word also takes into consideration reductions in the original size, amount, or value of something through usage, natural processes, or external factors. The term is versatile, applying to both tangible and intangible assets.

Shrinkages meaning with examples

• After washing the new cotton shirt, I noticed significant shrinkages, rendering it unwearable. The fabric fibers had contracted considerably due to the hot water and dryer. This unfortunate outcome highlighted the importance of reading care instructions to avoid such material changes.
• The company reported substantial shrinkages in its inventory due to theft and damage during shipping. They implemented stricter security protocols to mitigate these losses. The financial impact of these shrinkages severely affected the quarterly profit, causing a need to find effective methods to minimize future concerns.
• Following her traumatic experience, she experienced emotional shrinkages, withdrawing from social interactions. Her once vibrant personality became subdued as she struggled to cope with grief. This emotional toll affected her ability to connect, causing noticeable changes in her outlook.
• The old wooden building underwent structural shrinkages over decades due to the natural drying and settling of the timber. Cracks appeared in the walls, requiring significant renovation. These material adjustments were an inevitable consequence of aging the structure.