Imports at the nation’s major retail container ports should see near-record volume again this month as retailers work to meet consumer demand and protect against potential disruptions at West Coast ports, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
“We’re in for a busy summer at the ports,” NRF VP for supply chain and customs policy Jonathan Gold says. “Back-to-school supplies are already arriving, and holiday merchandise will be right behind them. And the big wild card is what will happen with West Coast labor negotiations with the current contract set to expire on July 1. We continue to encourage the parties to remain at the table until a deal is done, but some of the surge we’ve seen may be a safeguard against any problems that might arise.”
From the National Retail Federation:
- Imports from China should start to grow again now that the government has relaxed its COVID-19 Zero policy and begun to release the population of Shanghai from a months-long lockdown.
- U.S. ports covered by Global Port Tracker handled 2.26 million Twenty-Foot Equivalent Units in April. That was down 3.6% from March’s 2.34 million TEU, the record for the number of containers imported in a single month since NRF began tracking imports in 2002, but up 5.1% year-over-year.
“The anticipation is that the Chinese manufacturing and transportation sectors will quickly get back to normal,” says Hackett Associates founder Ben Hackett. “China’s recovery will need the government’s support in order to get the supply chain functioning normally again to provide the input required by the manufacturing sector.”