Subscribe to our free, weekly email newsletter!


Panjiva data shows a slight gain in U.S.-bound shipments

image

Panjiva is the leading intelligence platform for global trade professionals. With detailed information on 1.5 million companies that do business across borders, Panjiva is the go-to source for information for global trade professionals who want to find, evaluate, and connect with companies in other countries.

By Jeff Berman, Group News Editor
July 20, 2010

The number of global manufacturers shipping to the United States continued in June with a 1 percent gain, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

June’s 1 percent gain follows a 9 percent jump from April to May and matching 3 percent gains for the previous two months. On an annual basis, June was 15 percent better than June 2009. Panjiva officials said the total number of global manufacturers shipping to the U.S. in June was 150,258, compared to 130,950 a year ago.

Panjiva also reported that there was a 1 percent increase in the number of U.S. companies receiving waterborne shipments from global manufacturers and a 2 percent increase from May to June. This matches up with a 2 percent month-to-month decrease for the same period last year and a 5 percent gain in 2008.

June’s data indicates the global trade conditions over the last month are basically holding steady, said Panjiva CEO Josh Green.

In an interview with LM, Green pointed out how recent data from the Department of Commerce noted how May imports were higher than expected at $194.51 billion, although there was not a subsequent bump in June based on Panjiva’s data; instead, there was a leveling off.

“Global trade activity according to our data is essentially right where it was two years ago just before the Great Recession,” said Green. “We have not experienced a bounce-back from the depths of 2009 back to pre-recession levels, and the question of where do we go from here is an open one.”

Green cited a recent conversation he had with a global manufacturing executive whom said we might be experiencing a ‘square root recovery,’ which is comprised of a significant drop, and a significant bounce-back followed by a level economy for some time.

Another factor impacting global trade growth centers on inventory build-up for global manufacturers shipping to the U.S. In recent weeks, it appears that the inventory build-up that occurred over the first half of the year has somewhat subsided.

And in the coming months, Green said it is reasonable to expect a run up in global trade activity leading up to the holiday season.

“My expectation, though, is that will be relatively modest growth, because retailers do not want to be caught with too much inventory,” said Green.

Take the Panjiva Tour

About the Author

Jeff Berman headshot
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. .(JavaScript must be enabled to view this email address).


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!

Recent Entries

ISI is comprised of Integrated Services, ISI Logistics and ISI Logistics South and is focused on the warehousing and transportation needs of automotive shippers. RRTS said that in 2013, Integrated Services generated revenues of approximately $21 million adding that Integrated Services is expected to be accretive to Roadrunner’s earnings in 2014.

The market for supply chain management software continues to expand, highlighting the importance of software in today’s supply chains.

Amid the talk and coverage about things negatively impacting the trucking industry like increasing regulations, tight capacity, and equipment-related issues and challenges, there is one thing to always remember about the sector: it moves a lot of freight, make that more than a lot, actually.

In an effort to increase territorial coverage, improve transit time, and augment service quality in Brazil, UPS recently announced it has made significant service expansions with the opening of nine new operating facilities in the state of São Paulo.

Article Topics

News · Global Trade · Inventory · Logistics · Panjiva · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA