Imports Set to Hit New Monthly and Annual Records in August
Boosted by continuing sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
“Retailers are selling more and that means they need to import more,” said Jonathan Gold, NRF vice president for supply chain and customs policy. “With sales showing year-over-year increases almost every month for a long time now, retail supply chains are working hard to keep up. These latest numbers are a good sign of what retailers expect in terms of consumer demand over the next few months.”