Total U.S. retail imports to decrease in the second half of the year! Growth rate slows down!

It is learned that according to the monthly report tracking by the National Retail Federation and Global Ports, due to the continued existence of supply chain disruptions, the import volume of US retail is expected to continue to decline in the second half of 2021, and the growth rate will slow down.

According to the Global Port Tracking System, U.S. ports handled 2.19 million twenty-foot equivalent units (TEUs) in July, up 2% from June and 14.2% from the same period last year. In addition, it is expected that in September, U.S. ports will handle 2.21 million TEUs, up 5.1% year-on-year, and 2.19 million TEUs in October, down 1.3% year-on-year, and the growth rate will gradually slow down.

It is reported that due to supply chain disruptions, importers and exporters have difficulty in conducting transactions, and many retailers' supply departments are facing shortages: lack of sufficient transportation capacity, lack of warehousing and lack of labor.

NRF Vice President for Supply Chain and Customs Policy said that from the closure of ports in Asia to the queues of ships waiting to dock at US ports, the global supply chain disruption problem is very serious. With the arrival of the shopping season, US retailers will face greater supply challenges.

It is learned that US ports handled a total of 12.8 million TEUs in the first half of 2021, an increase of 35.6% over the same period last year. For the full year, the total volume in 2021 is expected to reach 25.9 million TEUs, exceeding last year's 22 million TEUs, a year-on-year increase of 17.6% and setting a new annual record.

Editor ✎ Nicole/

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