Panjiva data shows another dip in U.S.-bound shipments

The number of global manufacturers shipping to the United States slipped from June to July, according to data from Panjiva

By ·

The number of global manufacturers shipping to the United States slipped from June to July, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

June saw a 1.0 percent uptick from May, while July was up just 0.2 percent from June, making the month-to-month growth essentially flat. This does not the follow the trend of increased economic and trade activity from the first half of the year, which featured a 9 percent spike from April to May and matching 3 percent gains for the previous two months, according to Panjiva data.

What’s more, July’s data was up 14 percent year-over-year and down 0.4 percent compared to 2008.

Panjiva also reported that there was a 2 percent increase in the number of U.S. companies receiving waterborne shipments from global manufacturers in July, following a 1 percent increase in June. But these numbers do not fare well when compared to a 12 percent June to July rise in 2009 and an 8 percent pick up for the same period in 2008.

“These results feel like the economy is treading water, which, all things considered, is not terrible,” said Panjiva CEO Josh Green in an interview. “But we are certainly not seeing any signs of a robust recovery.”

And with various recent indicators pointing to an uncertain economic outlook, including a higher than expected trade deficit in June, which hit its highest level since October 2008 at $49.9 billion, and imports growing 3 percent to $200.3 billion, as reported by the United States Department of Commerce, Green’s “treading water” hypothesis appears to be spot-on.

Other factors, cited by Green, which are contributing to continued uncertainty, include low consumer confidence and a high unemployment levels.

“We are in a holding pattern,” said Green. “In the next few months, we could see shipments arriving with merchandise heading for stores for the holiday season. And in the month ahead we are going to learn about businesses’ expectations for the holiday season; that will be telling.”

When asked if there could be a discernible uptick in holiday spending that could result in rising import numbers, Green said any gains are highly likely to be very modest, explaining that retailers are not willing to go out on a limb and bet on heavy consumer spending during this year’s holiday season.

Going forward, Green said all eyes will be on consumer confidence for future economic growth, with employment numbers playing a direct role in how things shake out, which, in turn, would make businesses more comfortable spending money, coupled with businesses ramping up their buying activity, too.


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!

Latest Whitepaper
Supplier Relationship Micro Management
Optimizing Across Six Guiding Principles
Download Today!
From the July 2017 Logistics Management Issue
E-commerce continues to fuel a boom that’s tempered by overcapacity, rate pressures, sluggish demand and political doubt. The result: “cognitive dissonance” that finds a $1.4 trillion market scratching its head.
2017 Truckload Brokerage Roundtable: Technology continues to connect the dots
Cloud Transportation Management Systems (TMS): Weis Markets streamlines “both sides” of the DC door
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Women in Logistics: Breaking Gender Roles to Win the War for Talent
In this session you'll hear from a panel of women who are now leading top-level logistics and supply chain operations. The panel will share their success stories as well as advice for women who are now making their way up the ladder.
Register Today!
EDITORS' PICKS
28th Annual State of Logistics: Into the great unknown
E-commerce continues to fuel a boom that’s tempered by overcapacity, rate pressures, sluggish...
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh...

The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...