If you’ve noticed some bare spots in the kitchenware aisles of your favorite retailer, help may soon be on the way.
In releasing its monthly Global Port Tracker report, the National Retail Federation (NRF) said it expects heavy traffic at the nation’s ports in the company months as the economy recovers from the impacts of the COVID-19 pandemic.
In its report released on February 8, the NRF said there were as many as 30 ships waiting to dock at the ports of Los Angeles and Long Beach, largely because of congestion. These ports are among the business in the country.
U.S. ports covered by Global Port Tracker in December saw a 22.3% increase in imports when compared to the same month in 2020.
Estimated year-over-year import traffic in January is expected to grow 14.6%, February to grow, 26.3% in February and 41% in March.
“The import numbers we’re seeing reflect retailers’ expectations for consumer demand to the point that many factories in Asia that normally close for Chinese New Year this month are remaining open to keep up,” said Jonathan Gold, vice president of Supply Chain and Customs Policy for the NRF. “Regardless of whether it’s in-store or on retailers’ websites, the record holiday season and numbers for 2020 show consumers are buying again and have been for a while.”