{"id":16792,"date":"2021-03-09T10:18:31","date_gmt":"2021-03-09T16:18:31","guid":{"rendered":"https:\/\/www.miq.com\/?p=16792"},"modified":"2021-03-09T10:18:31","modified_gmt":"2021-03-09T16:18:31","slug":"retail-imports-expected-to-grow-dramatically-during-first-half-of-2021","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/retail-imports-expected-to-grow-dramatically-during-first-half-of-2021\/","title":{"rendered":"RETAIL IMPORTS EXPECTED TO GROW DRAMATICALLY DURING FIRST HALF OF 2021"},"content":{"rendered":"

Source:\u00a0 National Retail Federation Press Release \u2013 March 8, 2021<\/a><\/p>\n

Imports at the nation\u2019s largest retail container ports are expected to grow dramatically during the first half of 2021 as increased vaccination and continued in-store safety measures enable additional shopping options, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. <\/p>\n

\"\"<\/p>\n

\u201cNRF is forecasting what could turn out to be record retail sales growth<\/a> in 2021, and retailers are importing huge amounts of merchandise to meet the demand,\u201d NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. \u201cThe supply chain slowdown we usually see after the holiday season never really happened this winter, and imports are already starting to grow again. Consumers haven\u2019t let the pandemic stop them from shopping, and retailers are making sure their customers can find what they want and find it safely.\u201d<\/p>\n

\u201cAs COVID-19 ravaged the economy in 2020, it seemed as if any hope of recovery was distant,\u201d Hackett Associates Founder Ben Hackett said. \u201cThen came the rollout of vaccines that appear to be highly effective and are bringing strong signs of a quick recovery. The successful distribution of vaccines will help ensure that the economic recovery will likely be strong and sustainable.\u201d<\/p>\n

U.S. ports covered by Global Port Tracker handled 2.06 million Twenty-Foot Equivalent Units in January, the latest month for which final numbers are available. That was down 2.3 percent from December as the busy holiday season came to an end. But with a 13 percent year-over-year increase, it was the busiest January since NRF began tracking imports in 2002 and the first time the month has ever topped the 2 million TEU mark. A TEU is one 20-foot container or its equivalent.<\/p>\n

While import numbers for both February and March are forecast to be significantly higher than normal, year-over-year comparisons are difficult because of the pandemic. February is traditionally the slowest month of the year as Asian factories close for Chinese New Year, but last year most remained closed into March because of the coronavirus, reducing numbers even further. This year, however, some remained open during the holiday in order to fill a surge in orders, and ships arriving at U.S. ports faced a backlog to unload. February results aren\u2019t available yet, but the month was projected at 1.88 million TEU, up 24.4 percent over last year, while March is forecast at 1.98 million TEU, up 44.1 percent.<\/p>\n

April is forecast at 1.9 million TEU, up 18.2 percent year-over-year; May at 1.92 million TEU, up 25.2 percent; June also at 1.92 million TEU, up 19.6 percent, and July at 2.02 million TEU, up 5.3 percent.<\/p>\n

The first half of 2021 is forecast at 11.7 million TEU, up 23.3 percent from the same period in 2020, which experienced a major decline in imports due to COVID-19. Imports saw a total of 22 million TEU in 2020, up 1.9 percent from 2019\u2019s 21.6 million TEU and beating the previous record of 21.8 million TEU recorded in 2018.<\/p>\n

Click\u00a0here<\/a>\u00a0to access the National Retail Federation website for the entire press release.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source:\u00a0 National Retail Federation Press Release \u2013 March 8, 2021 Imports at the nation\u2019s largest retail container ports are expected to grow dramatically during the first half of 2021 as…<\/p>\n","protected":false},"author":9,"featured_media":16793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-16792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-news"],"yoast_head":"\nRETAIL IMPORTS EXPECTED TO GROW DRAMATICALLY DURING FIRST HALF OF 2021 - USA<\/title>\n<meta name=\"description\" content=\"Source:\u00a0 National Retail Federation Press Release \u2013 March 8, 2021 Imports at the nation\u2019s largest retail container ports are expected to grow dramatically Retail imports, National Retail Federation, NRF, Hackett Associates, Jonathan Gold, supply chain, pandemic, COVID-19, economy, Global Port Tracker, Twenty-foot equivalent, TEU,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.noatumlogistics.com\/us\/retail-imports-expected-to-grow-dramatically-during-first-half-of-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RETAIL IMPORTS EXPECTED TO GROW DRAMATICALLY DURING FIRST HALF OF 2021 - 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