Reported 2 months ago
Amid concerns over potential strikes by port workers and shipping disruptions, US retailers are significantly ramping up holiday imports this summer, marking an earlier peak season. Container imports soared in July, driven by strategic holiday promotions from retailers eager to accommodate early shoppers. Analysts expect robust import activity to continue into August, although the surge is more precautionary than driven by consumer spending due to persistent inflation and interest rates. Retailers are particularly wary of a possible strike on October 1 that could severely impact shipping and logistics.
Source: YAHOO