{"id":17643,"date":"2021-10-07T12:51:16","date_gmt":"2021-10-07T17:51:16","guid":{"rendered":"https:\/\/www.miq.com\/?p=17032"},"modified":"2021-10-07T12:51:16","modified_gmt":"2021-10-07T17:51:16","slug":"retail-imports-remain-strong-but-growth-slows-as-covid-19-disruptions-continue-2","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/retail-imports-remain-strong-but-growth-slows-as-covid-19-disruptions-continue-2\/","title":{"rendered":"RETAIL IMPORTS REMAIN STRONG BUT GROWTH SLOWS AS COVID-19 DISRUPTIONS CONTINUE"},"content":{"rendered":"<p>Source: <a href=\"https:\/\/nrf.com\/media-center\/press-releases\/retail-imports-remain-high-could-be-higher-without-port-congestion\">\u00a0National Retail Federation Press Release \u2013 October 7, 2021<\/a><\/p>\n<p>Imports at the nation\u2019s largest retail container ports should remain at near-record levels this month but could see a slight dip from last year\u2019s unusually high numbers as congestion slows the movement of backed-up cargo, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.<\/p>\n<p><!--more--><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17033 size-full\" src=\"https:\/\/www.miq.com\/wp-content\/uploads\/2021\/10\/NRF-October-2021.jpg\" alt=\"\" width=\"997\" height=\"643\" \/><\/p>\n<p>\u201cThe cargo is there for larger gains at several ports but congestion issues are impacting fluid operations,\u201d NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. \u201cShips will eventually get unloaded but the pressure is on for everyone to work together to get the containers out as quickly as possible. Retailers are doing whatever it takes to make sure shelves are well-stocked for the holidays, from bringing in merchandise earlier to chartering their own ships. Consumers should be able to find what they need, but it\u2019s always safer to shop early than wait until the last minute.\u201d<\/p>\n<p>\u201cJust when we thought things couldn\u2019t get any worse with the logistics supply chain, we\u2019ve been proven wrong,\u201d Hackett Associates Founder Ben Hackett said. \u201cFrom power outages and port shutdowns in Asia to backed-up ships and shortages of truck drivers in the United States, there are few positive signs that the movement of consumer goods or the supply of inputs needed for industrial production is getting better.\u201d<\/p>\n<p>Hackett said COVID-19 infections in Asia have slowed the loading of U.S.-bound ships, while shortages of equipment, labor and outbound truck and rail capacity have continued to build congestion at U.S. ports. Close to 75 ships were waiting at anchor to enter the Ports of Los Angeles and Long Beach recently, up from around 25 a month earlier, and backups are spreading to East Coast ports as well.<\/p>\n<p>U.S. ports covered by Global Port Tracker handled 2.27 million Twenty-Foot Equivalent Units in August, the latest month for which final numbers are available. That was up 3.5 percent from July and up 7.8 percent from a year earlier and tied March as the second-busiest month since NRF began tracking imports in 2002. May remains the busiest month on record at 2.33 million TEU. A TEU is one 20-foot container or its equivalent.<br \/>\nPorts have not reported September numbers yet, but Global Port Tracker projected the month at 2.25 million TEU, which would be up 6.7 percent year-over-year.<\/p>\n<p>October is forecast at 2.21 million TEU. That would be down 0.3 percent from the same time last year, when imports surged dramatically as the economy reopened after the first wave of COVID-19 and retailers rushed to meet pent-up consumer demand, but still the sixth-busiest month on record as imports remain high. The year-over-year decline would be the first since July 2020.<\/p>\n<p>The congestion and disruption come in the middle of the \u201cpeak season\u201d for shipping when retailers stock up on holiday merchandise each year, but many retailers began bringing in holiday goods this summer to be sure sufficient inventory will be available.<\/p>\n<p>November is forecast at 2.16 million TEU, which would be up 2.9 percent year-over-year, and December is forecast at 2.1 million TEU, down 0.2 percent. January 2022 is forecast at 2.17 million TEU, up 5.7 percent from January 2021, and February 2022 is forecast at 1.9 million TEU, up 1.4 percent year-over-year.<\/p>\n<p>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 18.1 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<p>Click\u00a0<a href=\"https:\/\/nrf.com\/media-center\/press-releases\/retail-imports-remain-high-could-be-higher-without-port-congestion\">here<\/a>\u00a0to access the National Retail Federation website for the entire press release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: \u00a0National Retail Federation Press Release \u2013 October 7, 2021 Imports at the nation\u2019s largest retail container ports should remain at near-record levels this month but could see a slight&#8230;<\/p>\n","protected":false},"author":9,"featured_media":17033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[],"class_list":["post-17643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RETAIL IMPORTS REMAIN STRONG BUT GROWTH SLOWS AS COVID-19 DISRUPTIONS CONTINUE - USA<\/title>\n<meta name=\"description\" content=\"Source: \u00a0National Retail Federation Press Release \u2013 October 7, 2021 Imports at the nation\u2019s largest retail container ports should remain at near-record Retail imports, port congestion, National Retail Federation, NRF, Hackett Associates, Supply Chain, retailers, consumers, power outages, port shutdowns, Asia, backed-up ships, shortages of truck drivers, United States, consumer goods, COVID-19, rail capacity, Ports of Los Angeles and Long Beach, Oakland, Seattle and Tacoma on the West Coast; 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