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Tuesday, August 20, 2019

Jonathan Gold News

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Retail Imports at Near-Record Levels Despite Tariffs

Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Even with virtually everything American imports from China soon to be subject to tariffs, it isn’t quick or easy for retailers to change their supply chains,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

File Image: CREDIT AdobeStock / © Nightman 1965

Imports at Annual Low on Seasonal Lull, Tariff Worries

With the retail industry in its annual lull between seasons and plans for a tariff increase on hold, imports at the nation’s major retail container ports are expected to drop to their lowest level in almost a year this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Now that the holiday season is over and summer has yet to crank up, this is the quiet time of year for retail supply chains,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

file Image: Port of Oakland, CA (Oakland, CA)

NRF: Retail Imports Level Off After Rush to Beat Tariffs

Imports at the nation’s major retail container ports have slowed down after a months-long rush to beat increased tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“With the holiday season behind us, the immediate pressure to stock up on merchandise has passed but retailers remain concerned about tariffs and their impact on the nation’s economy,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

NRF Vice President for Supply Chain and Customs Policy Jonathan Gold

NRF: Retail Imports Slowing but Remain Strong For Now

Imports at the nation’s major retail container ports have slowed down from their pre-holiday peak but remain at unusually high levels as retailers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Imports have usually dropped off significantly by this time of year but we’re still seeing numbers that could have set records in the past,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

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US Retail Imports Setting Records Despite Trade War

Increasing consumer demand and rising retail sales are driving record imports at the United States’ major retail container ports this month despite new tariffs on goods from China, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.“Retailers cannot easily or quickly change their global supply chains, so imports from China and elsewhere are expected to continue to grow for the foreseeable future,” explained NRF Vice President for Supply Chain and Customs Policy Jonathan Gold.

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Record US Retail Imports Expected this Summer

Imports at the United States’ major retail container ports are expected to set record numbers this summer and fall even as the debate over trade and tariffs continues in Washington, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Consumers are buying more and that means retailers are importing more,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Imports continue to be the primary source of high-quality, mass-produced necessities at affordable prices and will be for the foreseeable future.

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US Retail Imports Growing Despite Tariffs Threat

It's expected that imports at the United States’ major retail container ports will grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“With proposed tariffs yet to be officially imposed, retailers are stocking up on merchandise that could soon cost considerably more,” said NRF Vice President for Supply Chain and Customs Policy, Jonathan Gold.

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Rising Imports Threatened by Growing Trade War

Imports at the nation’s major retail container ports are expected to grow a healthy 5.8 percent year-over-year this month but could be threatened in the future if the developing trade war between the United States and China continues to escalate, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Tariffs are a tax on American consumers in the form of higher prices but they are also a tax on American jobs,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

File Image: CREDIT Port of Savannah, GA

New Tariffs Threaten Import Growth at Container Ports

Imports at the nations’ major retail container ports are expected to dip slightly this month, but that’s the result of annual Asian factory shutdowns for Lunar New Year rather than new tariffs on steel and aluminum imposed this week, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Nonetheless, those and other tariffs could eventually have an impact on the ports. “With steel and aluminum tariffs already in place…

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US Retail Imports End 2017 with 7% Growth

Imports at the United States’ major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retail had a strong year fueled by growing wages, higher employment and a boost in consumer confidence,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

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US Retail Imports ‘Unusually High’

This summer’s imports set a second all-time monthly record high as U.S. retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates. “When imports break records two months in a row, it’s hard to see that as anything other than a good sign about what retailers expect in consumer demand,” said NRF Vice President for Supply Chain and Customs Policy Jonathan Gold.

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US Retail Imports on the Rise

Imports at the Unites States’ major retail container ports should continue to see strong increases throughout the spring and summer as the nation’s economy improves, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates. “Consumers are spending more, and these import numbers show that retailers expect that to continue for a significant period,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

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US Imports: Double-digit Growth Expected

Imports at the United States’ major retail container ports should see double-digit year-over-year increases for the next two months as a growing economy increases the demand for affordable merchandise, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Consumers are spending more freely and retailers are stocking up for the spring and summer seasons,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

File photo: Port of Los Angeles

US Imports Growing in First Half of 2017

Imports at the nation’s major retail container ports are expected to increase 4.6 percent during the first half of 2017 over the same period last year as the nation’s economy improves and retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “This is very much in line with what we are forecasting for retail sales and consumer spending this year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers try to balance inventories very carefully with demand.

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US Holiday Imports Exceed Expectations

Imports at the United States’ major retail container ports saw an unexpected increase during the industry’s busy holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “We won’t see final sales numbers for a few more days, but import volume suggests that retailers had a strong holiday season,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. Ports covered by Global Port Tracker handled 1.64 million 20-foot equivalent units (TEU) in November…

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US Imports Up as Holiday Shopping Continues

Imports at the United States’ major retail container ports are expected to be up 3.2 percent this month over the same time last year as stores bring in the last of the merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “There’s still shopping to be done, and retailers are making sure the gifts that need to be under a tree are waiting on the shelves,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

File photo: Hanjin

Hanjin Gets US Court Order, Cash to Unload Ships

A U.S. judge said on Friday he will grant Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin asked U.S. Bankruptcy Judge John Sherwood to issue an order that would prevent creditors from seizing Hanjin ships or property, and allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Sherwood said he would sign the order later on Friday. Earlier, the company received authority to spend the money needed to dock at U.S.

File photo: Port of Los Angeles

September US Retail Imports Strong

Import cargo volume at the US’ major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Hanjin should not significantly affect volume for the month since alternative arrangements to unload those containers or shift cargo elsewhere should be dealt with by the time the numbers are tallied,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

Photo: Hanjin Shipping

Retailers Working to Minimize Disruption from Hanjin Bankruptcy

The National Retail Federation (NRF) Vice President for Supply Chain and Customs Policy Jonathan Gold weighs in on this week’s bankruptcy filing by Hanjin Shipping. “Retailers’ main concern is that there is millions of dollars worth of merchandise that needs to be on store shelves that could be impacted by this. Some of it is sitting in Asia waiting to be loaded on ships, some is already aboard ships out on the ocean and some is sitting on U.S. “It is understandable that port terminal operators…

Jonathon Gold VP Supply Chain and Customs Policy

Imports Back to Normal After Ratification

Import cargo volume at the nation’s major retail container ports has returned to normal levels following ratification of a new West Coast labor agreement, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Despite some lingering labor issues, the volume of cargo and the rate of growth have both largely settled down,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. The Pacific…

Photo: PMA

Retailers to Obama: Bring ILWU, PMA to Washington

“It has been nearly a week since President Obama dispatched Labor Secretary Perez to the West Coast to help settle the protracted contract dispute between the ILWU and PMA. While the Secretary has said the meetings have been productive, we have yet to see a final deal. “We understand the Secretary has given the parties a deadline to reach an agreement. If a deal is not reached today, we support the decision to move the negotiations to Washington and we call upon the president to personally engage in the discussions until an agreement is reached.

Labor Secretary to Intervene in U.S. Port Dispute

A partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary's scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks. President Barack Obama, under pressure to weigh in on a labor dispute that has rippled through the U.S. commercial supply chain and beyond, said on Saturday he would dispatch Labor Secretary Tom Perez to meet with the two sides in the conflict.

Jonathon Gold

White House Intervention Sought in West Coast Port Dispute

“The continued intransigence by labor and management to reach a new contract is unacceptable. Retailers and the rest of the supply chain are frustrated beyond belief. “The slowdowns need to end. The brinkmanship needs to stop. The ILWU and PMA are delaying cargo and merchandise in the short-term while harming the competitiveness of the West Coast ports in the long-term. This stalemate is hurting American businesses, their employees and consumers. “If the ILWU and PMA are serious about reaching a new labor contract, they need to remain at the table.

Photo: MARAD

Imports Rising as Threat of West Coast Ports Shutdown Looms

Import cargo volume at the nation’s major retail container ports is expected to rise 10.1 percent this month over the same time last year even as West Coast ports come closer to a possible shutdown due to the lack of a contract with dockworkers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “With cargo volume growing as the economy continues to recover, the last thing we need is a port shutdown that would bring billions of dollars of economic activity to a halt…

Forward Focused

West Coast Port Slowdown Won't halt Holiday Goods

With most holiday merchandise safely in the country despite significant congestion impacting West Coast ports, import cargo volume at the nation’s major retail container ports is expected to continue to slow down this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retailers instituted costly contingency plans early on to ensure that holiday merchandise would be on the shelves or sitting in a warehouse ready to go,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

Container lift: File photo

US Imports Above Average as Port Contract Talks Continue

Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates, and excerpted here. “The negotiations have made progress and retailers have been stocking up, but there’s still cargo that needs to arrive before the holiday season kicks off,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.