Panjiva data shows lower than expected July import volumes
According to Panjiva data, July shipments-at 952,126-were up 1 percent over June, following sequential gains of 7 percent for May over April and 1 percent for June over May
Latest News
Port of Baltimore May Not Reopen Until Summer Sales & Operations Planning (S&OP) Mastery A New Priority Greets Procurement Professionals in 2024 Cargo Shipping Remains on Hold in Baltimore Following Bridge Collapse Maximizing the Bottom Line: The Power of Procurement More NewsLatest Resource
Sales & Operations Planning (S&OP) Mastery In this Special Digital Edition of Supply Chain Management Review, you will find insights on the importance of sales and operations planning (S&OP) to an organization’s bottom line.All Resources
Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed somewhat mixed results for United States-bound waterborne shipments in July.
According to Panjiva data, July shipments-at 952,126-were up 1 percent over June, following sequential gains of 7 percent for May over April and 1 percent for June over May. July shipments were down 1 percent compared to the same month in 2014.
The 1 percent gain in shipments from June to July marks the lowest sequential increase for this period since Panjiva initially began tracking this data. By comparison June to July growth for 2014, 2013, and 2012 was 6 percent, 10 percent, and 9 percent, respectively.
On a year-to-date basis through July, shipments are up 1.9 percent at 6,295,895.
Panjiva explained in a blog posting that while the U.S. economy saw relatively steady import growth through the first six months of 2015, July took a step back. And it added that July typically marks the beginning of holiday season imports, with average month-to-month growth resting in the 5-to-10 percent range.
“After promising growth in June, I was surprised to see the shipment numbers for July,” explained Annelise McCarthy, Panjiva’s research director. “We were expecting to see month-over-month growth in the 5%-10% range, as July has been a peak month for holiday imports in the past couple of years. July’s 1% monthly growth is disappointing.”
If August, which along with July historically represent the busiest months of the year for U.S. importers, as companies begin stocking up for the holidays, also underwhelms, McCarthy said it might provide insight into how retailers are feeling about the 2015 holiday season.
But she cautioned that it is possible the import peak could be a little later than usual this year, which would quell the impact of July’s low shipment volume output.
About the Author
Jeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff BermanSubscribe to Supply Chain Management Review Magazine!
Subscribe today. Don't Miss Out!Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!
Article Topics
It’s high time to go beyond visibility Driving supply chain flexibility in an uncertain and volatile world View More From this Issue