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NRF, Hackett Associates Raise Retail Import Growth Forecast
February expected to grow 20.4%, but higher shipping costs could be on the horizon
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By Jeff Berman ·
March 5, 2024
The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one month with a decline over that period.
By Jeff Berman ·
March 1, 2024
The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.
By SCMR Staff ·
February 15, 2024
Commerce reported that January retail sales, at $700.3 billion, were off 0.8% compared to December and up 0.6% compared to January 2023. NRF reported that January’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants, fell 0.8%, from December to January, while increasing 2.8% annually.
By Amy Wunderlin ·
February 14, 2024
Retailers have generally navigated around the Red Sea cargo disruptions, but trade groups said costs will begin to rise even as they project a growth in imports.
By Jeff Berman ·
February 5, 2024
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a faster rate, for the 13th consecutive month as well.
By Brian Straight ·
January 31, 2024
As reverse logistics becomes a bigger focus for brands, collaboration between stakeholders is becoming a must.
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By Averitt ·
January 22, 2024
Upgrade your shipping strategies with insights from over 1,400 shippers to stay ahead in the ever-changing world of logistics.
By Amy Wunderlin ·
January 18, 2024
As Houthi attacks continue in the Red Sea, retailers are scrambling to find alternative methods for moving their inventory, including exploring more air freight options and boosting inventory.
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By SCMR Staff ·
January 18, 2024
Don't Get Left Behind: Stay ahead of transportation market changes with our white paper.
By Amy Wunderlin ·
January 16, 2024
While shifting Asian cargo from East Coast to West Coast U.S. ports adds time and cost, it is one option shippers have to counter continued risk in the Red Sea.
By Brian Straight ·
January 9, 2024
With more than 5,000 companies in the space, consolidation could be the word for 2024.
By Marisa Brown, Senior Principal Research Lead, Supply Chain, APQC ·
January 9, 2024
Using business ecosystems for innovation can yield better results and performance.
By Jeff Berman ·
January 8, 2024
The Services PMI, at 50.6 (a reading of 50 or higher signals growth), fell 2.1% compare to November’s 52.7 reading, growing, at a slower rate, for the 12th consecutive month. ISM observed that the services sector and the overall economy have each been growing, at a slower rate, for the 12th consecutive month, through December.
By Bridget McCrea ·
January 4, 2024
Event featured an impressive lineup of keynote and session speakers who hit on all of the topics that are driving supply chain growth right now.
By Brian Straight ·
January 1, 2024
Supply chain professionals in the global container shipping industry expect more technology investment and positive growth in the market in 2024.