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Double-digit import growth at US retail ports drops to single-digit: NRF

A recent monthly report by the National Retail Federation (NRF) and Hackett Associates on Global Port Trackers shows double-digit imports at large US retail container ports amid ongoing turmoil in pandemic-related supply chains around the world. Growth has fallen to single digits. ..

US ports covered by trackers processed 12.8 million TEUs in the first half of 2021. This is an increase of 35.6% from the same period last year.

US ports covered by trackers processed 2.19 million TEUs in July, the latest month for which final figures are available. This was an increase of 2% from June, an increase of 14.2% over the previous year.

The port has not yet reported August figures, but trackers have predicted the month to be 2.27 million TEU. This will increase by 7.8% year-on-year.

“Year-on-year growth isn’t as dramatic as it used to be, as most stores closed in last year’s pandemic have reopened and retailers have regained inventory,” said Vice President of Supply Chain. Customs Policy Jonathan Gold said in a statement.

“We were expecting that, but there are problems ranging from the closure of Asian ports to the line of ships waiting to berth at US ports. This creates ongoing challenges as traders strive to provide sufficient inventories to meet demand. The recent supply chain task force by the government and the appointment of special envoys to ports are a major step forward. We look forward to working with the authorities to find a solution, “he added.

“Supply chain logistics management faces serious problems because the turmoil makes it difficult for both importers and exporters to do business,” said Ben Hackett, founder of Hackett Associates. I am.

“We are facing shortages in all sectors of the chain. Lack of sufficient transportation capacity leads to increased transportation costs. Lack of warehouses; lack of truck and rail capacity, and total labor Lack of power, “he added.

September is projected to be 2.21 million TEU, an increase of 5.1% over the previous year. October was 2.19 million TEU, down 1.3% from the first year-on-year decrease since July 2020. It increased by 1.4% at 2.14 million TEU in November and decreased by 1.8% at 2.07 million TEU in December.

Fiber2Fashion News Desk (DS)

Double-digit growth in imports at large U.S. retail container ports continues in the turmoil of the pandemic-related supply chain, according to a recent monthly report by the National Retail Federation and Hackett Associates on Global Port Trackers. I’m depressed. US ports covered by trackers processed 12.8 TEU in the first half of 2021.



Double-digit import growth at US retail ports drops to single-digit: NRF

Source link Double-digit import growth at US retail ports drops to single-digit: NRF

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