Noun
overcapacity (plural overcapacities)
A capacity for the production of a commodity or product that is in excess of what is needed.
Global overcapacity in steel production can no longer be ignored. Foreign governments' intervention in steel markets has had a devastating impact on the U.S. industry. Max Baucus
He continued, “The whole system is overcapacity, but we built in some relief valves. Source: Internet
Fire marshals have responded to overcapacity in the past, but not for COVID-19 concerns? Source: Internet
Global overcapacity and COVID’s disruption mean American manufacturing and services exports to China are unlikely to get anywhere near 2020 targets. Source: Internet
Democratic Senator Ron Wyden of Oregon said, "The American steel industry has been under pressure for decades from unfairly traded products from China and elsewhere, as well as global overcapacity. Source: Internet
He also said that while prices and jobs stabilize, policymakers can concentrate on supply-side structural reform to tackle "economic headwinds" such as overcapacity in some sectors. Source: Internet