US imports up again in April as market mirrors pre-COVID ‘normal’

a chart showing volume of imports

Amid all the doom and gloom on container shipping and the talk of an impending recession, U.S. imports are rising off their lows. Inventory-to-sales ratios are still much higher than pre-COVID, yet monthly imports are now either at or above 2019 levels, depending on which data source you use.

U.S. ports imported 2,020,197 twenty-foot equivalent units of containerized cargo in April, Descartes said on Monday.

(Chart: Descartes. Data source: Descartes Datamyne)

That’s down 18% from a year ago,...

https://www.freightwaves.com/news/us-imports-up-again-in-april-market-mirrors-pre-covid-normal

January imports up from December, but February is looking weak

In January, U.S. containerized imports logged their highest month-on-month gain since last May, according to data from Descartes. Inbound volumes rose 7.2% versus December to 2,068,493 twenty-foot equivalent units, Descartes reported Wednesday.

That’s the good news. The bad news is that last month’s imports were almost identical to Descartes’ imports stats for January 2019 and 2020, pre-pandemic.

(Chart: Descartes. Data source: Descartes Datamyne)

The worse news is that this month looks especially...

https://www.freightwaves.com/news/january-imports-up-vs-december-but-february-is-looking-weak

GSCW chat: Retailers prioritize resiliency

FIRESIDE CHAT TOPIC: How are retailers responding to supply chain disruptions?

DETAILS: In this fireside chat, FreightWaves reporter Grace Sharkey and Jonathan Gold, the National Retail Federation’s vice president of supply chain and customs policy, discuss how increasing e-commerce sales and capacity crunches are changing retailers’ logistics strategies. Gold dives into how port congestion, automation and acquisitions have changed how retailers design their supply chains.

SPEAKER: Gold is vice...

https://www.freightwaves.com/news/gscw-chat-retailers-prioritize-resiliency

Shifting behaviors: Hybrid shopping, purpose-driven consumers change retail’s outlook

Consumers are increasingly looking at hybrid shopping options, but they are also increasingly purpose-driven in their purchases, representing large opportunities for retailers than can effectively blend their digital and in-store options.

That is among the key findings from the second annual IBM and National Retail Federation global consumer retail study, conducted by the IBM Institute for Business Value. The study, “Consumers want it all: Hybrid shopping, sustainability and purpose-driven...

https://www.freightwaves.com/news/shifting-behaviors-hybrid-shopping-purpose-driven-consumers-change-retails-outlook

Retail container imports ‘expected to grow dramatically’

Containers will continue to land at a high rate

Record retail sales and continued inventory restocking provide the backdrop for the National Retail Federation’s increased expectations for inbound containers. On Monday, the group raised its forecast for first-half 2021 twenty-foot equivalent units (TEUs) landing at major container ports in the U.S. to 23.3% year-over-year.

Final January numbers showed TEUs came in 13% higher year-over-year at 2.06 million, the busiest January in the dataset’s nearly 20-year history.

“NRF is forecasting what...

https://www.freightwaves.com/news/retail-container-imports-expected-to-grow-dramatically

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