Will US consumers throttle back on buying stuff?

Apple Pay is becoming popular among consumers

The conventional wisdom was that with more Americans vaccinated and the economy reopened, the explosion in goods-buying during the COVID-19 pandemic would moderate to at best a muffled roar. Yet the roar appears to remain as full-throated as it was in the summer of 2020, and there’s no sign from data or anecdotes that it will ease off any time soon. 

A slowdown in goods-buying was “what we are expecting, but we haven’t seen it yet,” said Griff Lynch, executive director of the Georgia Ports...


Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.