News • 16.09.2019

Retail imports surging ahead of more tariffs

Imports at major retail container ports in the US reached unusually high numbers

imported goods at harbour
Source: PantherMedia / chungking

Imports are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“Retailers are still trying to minimize the impact of the trade war on consumers by bringing in as much merchandise as they can before each new round of tariffs takes effect and drives up prices."

“Retailers are still trying to minimize the impact of the trade war on consumers by bringing in as much merchandise as they can before each new round of tariffs takes effect and drives up prices,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “That’s the same pattern we’ve seen over the past year, but we’re very quickly going to be at the point where virtually all consumer goods will be subject to these taxes on American families. The upcoming October talks with China are an opportunity to put a stop to this escalation, repeal the tariffs that have been imposed and focus on growing the economy.”

New 15 percent tariffs on a wide range of consumer goods from China took effect at the beginning of this month and are scheduled to be expanded to additional goods on December 15 – covering a total of about $300 billion in imports. In addition, 25 percent tariffs on $250 billion worth of imports already imposed over the past year will increase to 30 percent on October 1.

“The tariff war with China closely resembles a poker game, with each country continually upping the ante,” Hackett Associates Founder Ben Hackett said. “As each side eyes its hand, things can only get worse.”
U.S. ports covered by Global Port Tracker handled 1.96 million Twenty-Foot Equivalent Units in July, the latest month for which after-the-fact numbers are available. That was up 9.1 percent from June and up 2.9 percent year-over-year. A TEU is one 20-foot-long cargo container or its equivalent.

Numbers were high again in August, which was estimated at 1.93 million TEU, up 1.8 percent year-over-year. September is forecast at 1.85 million, down 0.7 percent from last year; October at 1.92 million TEU, down 5.5 percent; November at 1.97 million TEU, up 8.8 percent, and December at 1.77 million TEU, down 9.8 percent.

Source: National Retail Federation

related articles:

popular articles:

Thumbnail-Photo: TÜV SÜD: Certification for the Cartonplast Group...
10.10.2019   #logistic solutions #logistics

TÜV SÜD: Certification for the Cartonplast Group

French location of the company in Dagneux complies with international standards

On 3rd October 2019 Cartonplast France successfully completed the certification audits by TÜV SÜD Management Service GmbH according to ISO 22000 and ISO 9001. Cartonplast (CPL), the leading European supplier of reusable plastic layer pads ...

Thumbnail-Photo: In-store pick up and delivery service in Manhattan...
03.01.2020   #delivery #Click & Collect

In-store pick up and delivery service in Manhattan

Closing a broad gap in last-mile delivery

ZIPtized, an on-demand package delivery startup, aims to provide a service that saves time and tackles the inconvenience faced by online shoppers who opt for the popular "in-store pickup" option.  In addition, ZIPtized also provides a ...

Thumbnail-Photo: Supply chain of the future
18.10.2019   #digitization #logistics

Supply chain of the future

New research from Coyote Logistics recommends a strategic balance of technology and human support

As technology continues to transform the workforce and logistics professionals navigate a rapidly changing supply chain, Coyote Logistics, a leading global third-party logistics (3PL) provider, released the results of its proprietary Tech + Humanity ...

Thumbnail-Photo: Take the shortcut
07.02.2020   #logistic systems #logistic solutions

Take the shortcut

Logistics optimisation through the use of multi-order picking

To maintain competitive advantage, logistics service providers and retailers have embraced automated order picking in their warehouses by implementing pick-to-cart, pick-to-light, voice picking and other technologies. However, despite the success of ...

Thumbnail-Photo: Innovative insights for a long-term competitive edge...
14.01.2020   #logistic systems #logistics (software)

Innovative insights for a long-term competitive edge

LogiMAT 2020 in Stuttgart

LogiMAT 2020 features an accompanying program of over 30 distinguished expert forums, exciting live events, and more than 100 exhibitor presentations covering a diverse spectrum of intralogistics issues. ...

Thumbnail-Photo: Half of online shoppers did not receive their package...
20.11.2019   #online trading #delivery

Half of online shoppers did not receive their package

Delivery services and item insurance

Clutch, B2B ratings and reviews firm, surveyed online shoppers and found that more than half (51 percent) say they did not receive at least one package they ordered online in the past six months.Sixteen percent (16%) of the packages shoppers did not ...

Thumbnail-Photo: Demand for drone delivery in e-retail is high...
06.02.2020   #logistics #delivery

Demand for drone delivery in e-retail is high

Ability to meet that demand is low

Consumers want what they want, and they want it now. Drone delivery has long been talked about as an option to satisfy consumer delivery demands, but how realistic is it? New research in the INFORMS journal Transportation Science looks at how ...

Thumbnail-Photo: Smart and sustainable solutions in the supply chain...
31.01.2020   #sustainability #supply chain management

Smart and sustainable solutions in the supply chain

Unilever and JD Logistics have signed a Memorandum of Understanding to drive sustainable business initiatives

Building on our existing strategic relationship with JD.com, one of China’s largest retailers, Unilever will work more closely with JD Logistics – an independent business group under JD.com that provides smart, digital supply chain and ...

Thumbnail-Photo: Well-connected equals optimized delivery
27.01.2020   #e-commerce #logistic solutions

Well-connected equals optimized delivery

Seven Senders – Europe’s delivery platform

Logistics startup Seven Senders connects merchants and European delivery experts. The company’s concept: A digital platform for optimized delivery. In this interview, founder and managing director Dr. Johannes Plehn talks about the different ...

Supplier

EUROEXPO Messe- und Kongress-GmbH
EUROEXPO Messe- und Kongress-GmbH
Joseph-Dollinger-Bogen 9
80807 München