Retail import surge to last through summer

Commentary by Tony Nuzio:

If importers are thinking that the surge in US imports will subside anytime soon, and that we will return to a sense of normalcy, they will surely be in for a surprise.  All indications are that the trend will continue for at least the rest of 2021.  With this in mind, importers should be looking at how they will continue to be negatively affected by continually rising ocean freight costs and the havoc they are playing on freight budgets.  Attention importers, it’s time to have a serious discussion with your management team that actual freight expenses will again exceed budget projections for the remainder of 2021.  And, to add insult to injury, merely paying these higher rates does not guarantee that your products will receive priority loading on ocean vessels.

Read more at Chain Store Age below.

https://chainstoreage.com/retail-import-surge-last-through-summer