WASHINGTON – Imports on the nation’s largest retail container ports are persevering with to indicate double-digit development over final 12 months as sturdy client demand retains up its momentum, in response to the month-to-month International Port Tracker report from the Nationwide Retail Federation and Hackett Associates.
“The year-over-year development we noticed this spring was off the charts as a result of the comparisons had been in opposition to a time when most shops had been shut down because of the pandemic,” NRF Vice President for Provide Chain and Customs Coverage Jonathan Gold stated in a launch. “However we’re persevering with to see sturdy development at the same time as we enter a degree when shops had begun to reopen final 12 months. That’s an indication of the large demand from customers. The problem for retailers and provide chains is preserving cabinets stocked as port congestion and different provide chain disruptions proceed to influence the trade and the economic system extra broadly.”
“Operational constraints led to by the COVID-19 pandemic mixed with the surge in client demand have severely strained the logistics provide chain,” Hackett Associates founder Ben Hackett stated. “The extent of development within the final 12 months has put unprecedented stress on importers, carriers and home transportation suppliers alike.”
U.S. ports lined by International Port Tracker dealt with 2.33 million twenty-foot equal models in Could, the newest month for which last numbers can be found. That was up 8.6% from April and up 52.2% from a 12 months earlier. The quantity set a brand new document for essentially the most containers imported throughout a single month since NRF started monitoring imports in 2002, topping the earlier document of two.27 million TEUs set this March.
Ports haven’t reported June numbers but, however International Port Tracker projected the month at 2.15 million TEUs, which might be up 33.8% from the identical time final 12 months. That might deliver the primary half of 2021 to 12.8 million TEUs, up 35.6% from the identical interval final 12 months.
July is forecast at 2.21 million TEUs, up 15.1% year-over-year; August at 2.3 million TEUs, up 9.4%; September at 2.16 million TEUs, up 2.5%; October at 2.13 million TEUs, down 3.7% for the primary year-over-year decline since July 2020; and November at 2.06 million TEUs, down 2%.
International Port Tracker is not going to launch its forecast for December till subsequent month, however 2021 is on monitor to develop 16.7% over 2020’s full-year complete of twenty-two million TEUs. Cargo imports throughout 2020 had been up 1.9% in contrast with 2019 regardless of the pandemic.
International Port Tracker, which is produced for NRF by Hackett Associates, gives historic information and forecasts for the U.S. ports of Los Angeles/Lengthy Seashore, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Port of Virginia, Charleston, Savannah, Port Everglades, Miami and Jacksonville on the East Coast; and Houston on the Gulf Coast.