{"id":17058,"date":"2021-11-09T17:06:26","date_gmt":"2021-11-09T23:06:26","guid":{"rendered":"https:\/\/www.miq.com\/?p=17058"},"modified":"2021-11-09T17:06:26","modified_gmt":"2021-11-09T23:06:26","slug":"retail-imports-near-record-pace-despite-port-congestion-as-holiday-season-begins","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/retail-imports-near-record-pace-despite-port-congestion-as-holiday-season-begins\/","title":{"rendered":"RETAIL IMPORTS NEAR RECORD PACE DESPITE PORT CONGESTION AS HOLIDAY SEASON BEGINS"},"content":{"rendered":"

Source: \u00a0National Retail Federation Press Release \u2013 November 8, 2021<\/a><\/p>\n

Imports at the nation\u2019s congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.<\/p>\n

\"\"<\/p>\n

\u201cDockworkers are unloading ships as fast as they can, but the challenge is to move the containers out of the ports to make room for the next ship,\u201d NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. \u201cWe need better empty return procedures and more chassis, truck drivers, rail capacity and warehouse workers to keep the system moving. Retailers have enough inventory on hand to make sure shoppers won\u2019t go home empty-handed this holiday season. But there are still items sitting on the docks or waiting on ships that need to make it to store shelves and online sellers\u2019 warehouses. Retailers want to make sure customers have product choices.\u201d<\/p>\n

More than 70 ships were reported waiting to dock at the Ports of Los Angeles and Long Beach last week, and the wait at Los Angeles has averaged two weeks over the past month. Those delays, in turn, can push back the vessels\u2019 arrival at other ports on their schedules. Some carriers have announced plans to divert to other locations, but congestion is building nationwide.<\/p>\n

\u201cThe once-vaunted supply chain continues to come under pressure from all sides,\u201d Hackett Associates Founder Ben Hackett said, citing issues ranging from port congestion in the United States to electrical shortages impacting production in China. \u201cIt does not look like the congestion will improve any time soon, with most commentators suggesting problems will continue well into 2022 \u2013 and that is assuming COVID-19 does not spike again.\u201d<\/p>\n

Congestion and disruptions that began in 2020 have continued through the current \u201cpeak season\u201d for shipping when retailers normally stock up for the holidays, but many retailers anticipated the challenge and began bringing in holiday goods months ahead of schedule to be sure sufficient inventory would be available. NRF has forecast<\/a> that holiday sales will grow between 8.5 percent and 10.5 percent over 2020.<\/p>\n

U.S. ports covered by Global Port Tracker handled 2.14 million Twenty-Foot Equivalent Units in September, the latest month for which final numbers are available. That was down 5.9 percent from August but up 1.4 percent year over year. A TEU is one 20-foot container or its equivalent.<\/p>\n

Ports have not reported October numbers yet, but Global Port Tracker projected the month at 2.19 million TEU, down 1.2 percent from October 2020. The year-over-year decline would be the first since July 2020, after which unusually high import volumes began to arrive when stores closed by the pandemic reopened and retailers worked to meet pent-up consumer demand and to stock up for the holidays.<\/p>\n

Even with the year-over-year decline, October would be among the five busiest months on record since NRF began tracking imports in 2002. Busy cargo is expected to continue through the end of the year, with November forecast at 2.17 million TEU, up 3.3 percent year-over-year, and December at 2.18 million TEU, up 3.5 percent.<\/p>\n

January 2022 is forecast at 2.21 million TEU, up 7.6 percent from January 2021; February at 2 million TEU, up 7 percent year-over-year, and March at 2.17 million, down 4.1 percent year-over-year.<\/p>\n

The first half of 2021 totaled 12.8 million TEU, up 35.6 percent from the same period last year. For the full year, 2021 is on track to total 26 million TEU, up 17.9 percent over 2020 and a new annual record topping last year\u2019s 22 million TEU. Cargo imports during 2020 were up 1.9 percent over 2019 despite the pandemic.<\/p>\n

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

Source: \u00a0National Retail Federation Press Release \u2013 November 8, 2021 Imports at the nation\u2019s congested container ports are expected to remain at near-record levels for the remainder of the year…<\/p>\n","protected":false},"author":9,"featured_media":17059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-17058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-news"],"yoast_head":"\nRETAIL IMPORTS NEAR RECORD PACE DESPITE PORT CONGESTION AS HOLIDAY SEASON BEGINS - USA<\/title>\n<meta name=\"description\" content=\"Source: \u00a0National Retail Federation Press Release \u2013 November 8, 2021 Imports at the nation\u2019s congested container ports are expected to remain at Retail, National Retail Federation, NRF, Global Port Tracker, Hackett Associates, chassis, truck drivers, rail capacity, warehouse workers, retailers, Ports of Los Angeles and Long Beach, china, United States, peak season, 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-near-record-pace-despite-port-congestion-as-holiday-season-begins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RETAIL IMPORTS NEAR RECORD PACE DESPITE PORT CONGESTION AS HOLIDAY SEASON BEGINS - 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