Friday, January 27, 2023

US imports of containerized goods fell to pre-pandemic levels

lossangelsJanuary 10 – US ocean container cargo imports fell in December to near the level that was recorded before the coronavirus pandemic. covid-19, according to a new report released on Tuesday.

Demand for appliances, furniture, big-screen TVs, clothing and other retail products slumped late last year as record inflation eroded disposable income and consumers hurriedly spent on travel and other activities.

According to Descartes Systems Group, US container import volume in December 2022 is set to exceed 1.9 million 20-foot-equivalent units. The logistics software provider said it was down 19% from a year ago, but up 1% from December 2019. The pandemic then led to an unprecedented surge in container cargo that overwhelmed ports and disrupted global supply chains.

“December US container import data points to less pressure on supply chains and logistics operations, but there are still a number of issues that could cause further disruption in 2023,” said Chris Jones, executive vice president at Descartes.

These include the risks of outbreaks of new variants of the coronavirus that cause covidCOVID-19, Russia’s war in Ukraine, ongoing labor talks in busy US West Coast ports and the threat of a global recession, experts said.

December 2022 is shaping up to be the second year with the highest volume of US container imports since 2021, despite a sharp decline in volumes.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news