Impinj (NASDAQ: PI), a leading maker of radio frequency identification (RFID) chips, readers, and software, was generating robust sales prior to the COVID-19 pandemic. Companies optimized their supply chains with its products, while retailers used them to track shipments and sales trends. Unfortunately, the pandemic disrupted supply chains and shut down many brick-and-mortar retailers worldwide in recent months, and Impinj's growth ground to a halt.
Let's assess the damage and see if Impinj's stock can start climbing again after slipping about 5% over the past 12 months.
Image source: Getty Images.
Source Fool.com