How are US imports doing? Not well.
As shown in the graphic below, year over year inbound container volumes started rising shaply just a few months after the start of the COVID recession in March of 2020.
That growth peaked in early 2021, before falling sharply since then, moving into negative territory in late 2022 and continuing through the most recent periods.
Source: Wall Street Journal
What is happening?
Inflation is a factor, as more money is going to food versus other goods, while retailers and brand companes are cutting orders back amid a glut of inventory.
We don't hear much about port congestion any more do we?
Any reaction to our Supply Chain Graphic of the Week? Let us know your thoughts at the Feedback button below.
Your Comments/Feedback
|
