Imports at major US retail container ports are
expected to be at near-record levels this spring and summer as consumer demand
and supply chain challenges continue to result in congestion.
“Consumers are still spending and the supply chain is still working to keep
up,” NRF vice president for supply chain and customs policy, Jonathan Gold
says. “Growth rates have slowed down from the off-the-charts numbers we saw
last year, but volume is close to the highest we’ve ever seen. Everyone in the
supply chain is trying to reduce congestion, but there is still work to be
done. Retailers are also planning for potential additional disruptions this
summer from West Coast port labour contract negotiations.”
NRF recently
sent a letter urging the International Longshore and Warehouse Union
and the Pacific Maritime Association to begin contract negotiations well before
their 1 July contract expiration to avoid any delay in reaching a settlement
and additional congestion that might result.
“Congestion continues on both coasts, with ships queuing for berths at
multiple ports,” Hackett Associates Founder Ben Hackett says. “Problems remain
with clearing import containers to their inland destinations while export
containers are still being held back due to lack of space at the terminals.
Until supply chain problems are sorted out with more drivers, trucks and inland
storage space, we do not expect to see a rapid decline in the backlogs being
experienced.”
US ports covered by Global Port Tracker handled 2.16m Twenty-Foot Equivalent
Units – one 20-foot container or its equivalent – in January, the latest month
for which final numbers are available, according to the monthly Global Port
Tracker report released yesterday by the National Retail Federation (NRF) and
Hackett Associates.. It was up 3.6% from December and up 5.2% year-over-year.
Ports have not yet reported February numbers, but Global Port Tracker
projected the month at 2.07m TEU, up 10.5% year-over-year. March is forecast at
2.17m TEU, down 4.5% year-over-year; April at 2.24m TEU, up 4.25; and May at
2.26m TEU, down 3.2%.
Looking further ahead, June is forecast at 2.23m TEU, up 4%, and July at
2.26m TEU, up 3%.
Many of those monthly totals will come close to the record of 2.33m TEU that
was set in May 2021, which was up more than 50% year-over-year because of the
shutdown of stores and overseas factories in the spring of 2020.
The first six months of 2022 are expected to total 13.1m TEU, up 2.4%
year-over-year. Imports for all of 2021 totaled 25.8m TEU, a 17.4% increase
over 2020’s record high of 22m TEU that was set despite the pandemic.
By Just Style