Logistics business: Panjiva data shows a 6 percent decrease in U.S.-bound shipments

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of global manufacturers shipping to the United States fell in September, following modest gains the past two months.

By ·

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of global manufacturers shipping to the United States fell in September, following modest gains the past two months.

From August to September, U.S.-bound shipments were off by six percent at 1,054,994. In August, there was a 1 percent bump at 1,136,601 shipments, in July there was a 0.2 percent increase. While the number of U.S.-bound global manufacturing shipments was down, Panjiva said that there was not a single month in 2009 in which there were one million shipments, but over the last five months the one million shipment mark has been consistently eclipsed. 

On an annual basis, U.S.-bound shipments in September were up 12 percent compared to 939,436 shipments in September 2009.  And the number of U.S. companies receiving waterborne shipments from global manufacturers was down 6 percent in September, which is slightly higher than the 5 percent decline from both September 2009 and September 2008.

“This data is not terribly alarming,” said Panjiva CEO Josh Green. “It is in line with seasonal patterns we have seen in previous years. “I would have been surprised if the numbers looked better than they did.”

The most recent numbers appear to be in line with what appears to be a very slowly recovering economy, compared to earlier in the year, when inventory rebuilding had economic activity moving at a faster clip.

Green said in the next couple months, it is likely that the economy will continue to slow down, especially after the holiday season, when orders being placed today will be down from previous levels.

“For this holiday season, retailers probably slightly over-ordered, given what we now know about where consumers are in terms of their confidence level,” said Green. “Retailers will likely be scrambling to get rid of inventory and we will likely see some discounts, but it is not going to be like the massive inventory buildup we have seen in the past. Retailers were likely cautious but not cautious enough.” 


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 Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Josh Green · Panjiva · All Topics
Latest Whitepaper
Making E-Commerce Logistics Work
Special Digital Issue: Eight feature stories that neatly encapsulate the new technology and processes that are revolutionizing logistics and supply chain operations.
Download Today!
From the February 2017 Issue
As the new administration sends waves of uncertainly through the global trade community, this could be the best time ever for shippers to build an investment case for GTM. Here are five trends you need to watch if you’re about to put these savvy systems to work
Carrier Consolidation Keeps Shippers Guessing
Getting Value from the Cloud
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Advance your career with the fastest growing logistics certification – APICS CLTD
During this webcast presenters will give an overview of APICS and the new Certified in Logistics, Transportation and Distribution (CLTD) designation. Learn how the CLTD program can help you stay on top of current trends and advance your career.
Register Today!
EDITORS' PICKS
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...

Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...