Imports expected to remain below 2022 for most of this year (chainstoreage.com)

Congestion at the nation’s ports has largely disappeared as import levels have fallen amid economic uncertainty.

That’s according to the Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates. It found that while import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February, it is expected to remain well below last year’s levels heading into the fall.

“Consumers are still spending and retail sales are expected to increase this year, but we’re not seeing the explosive demand we saw the past two years,” NRF VP for supply chain and customs policy Jonathan Gold said.
more at: https://chainstoreage.com/imports-expected-remain-below-2022-most-year

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