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

NRF's Jonathan Gold explains that the past year was replete with disruptions, slowdowns and partial shutdown, which can no longer be the norm, saying ports and dockworkers must adapt to ensure they provide shippers with the predictability and stability they need.

Last month, I gave a presentation to a group of senior transportation and supply chain executives. It was entitled “Predictable Surprises,” because it addressed how transportation and supply chain professionals can eliminate unpleasant surprises by looking at and evaluating issues in the transportation industry, and projecting how those issues will affect their companies.

The Port of Los Angeles (POLA) and the Port of Long Beach (POLB) said this week that they have formally established working groups, which they said will aim to seek new supply chain efficiencies, and focus on various aspects of port operations, including peak operations and terminal optimization in an effort to augment the San Pedro Bay port complex.

A month ago, the Shippers Conditions Index (SCI) from freight transportation consultancy FTR indicated that shippers might be traveling on a rocky road in the coming months. And one month later it appears those concerns appear to have been confirmed.

The American Association of Port Authorities (AAPA) had nothing but praise for the Senate passage over the past weekend of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015).

Article Topics

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

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA