COVID-19 Bottlenecks Slowing Retail Import Growth: NRF
Double-digit import growth at the largest U.S. retail container ports is slipping to single-digit increases as pandemic-induced supply chain disruptions persist globally, reported the National Retail Federation Thursday. U.S. ports handled 2.19 million 20-foot containers in July, up 2% from…
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June and 14.2% more than a year earlier, said NRF. It’s now forecasting 2.27 million containers in August, short of the 2.37 million projected a month ago. “With two dozen ships waiting as long as a week or more at anchor to unload at the Ports of Los Angeles and Long Beach recently, some cargo anticipated in August may have been delayed into September,” it said. With some sailings from Asia delayed by COVID-19 disruptions there, “some cargo could arrive later in the fall than previously expected,” it said.