Subscribe to our free, weekly email newsletter!


Zepol Corporation report indicates early inventory restocking

The downward trend of the last two months of Q3 may signal stronger retail forecasting
By Patrick Burnson, Executive Editor
October 13, 2012

New research indicates that that the peak month for U.S. imports in 2012 will most likely be July.

According to Zepol Corporation, a leading trade intelligence company, U.S. import shipment volume for September, measured in twenty-foot equivalent units (TEUs), is down 3.6 percent from August. At the same time, however, it is up from September of 2011 by 2.6 percent. Imports of TEUs shifted from over 1.6 million last month to 1.55 million in September.

The downward trend of the last two months of Q3 may signal a strengthening of retailer forecasting, said Zepol’s CEO Paul Rassmussen, who noted that the surge in goods for the holiday season seems to have come even earlier in Q3.

“Q3 of 2012 is up 3.8 percent from Q3 of last year,” said Rassmussen.  “U.S. importers may be feeling optimistic about the economy and preparing early for a busier shopping season than 2011.”

This report coincides with the Reuters/University of Michigan Consumer Sentiment Index study released last week.  Researchers said consumer sentiment continued to charge upward and onward in early October, supported by an improved attitude on current conditions as well as expectations for future economic conditions.

“More consumers anticipate better job prospects and consider their current financial situation as favorable,” said Leslie Levesque, Senior Economist, IHS Global Insight.

The majority of Asian countries saw a drop in shipments to the United States from August to September, noted the Zepol report, but an overall rise in Q3 compared to Q3 of last year. China had a slight rise from Q3 of 2011 by 0.57 percent, but South Korea and Japan rose more significantly by 8.5 percent and 3 percent, respectively. Hong Kong actually saw a hefty drop in the third quarter of 2012 compared to last year by 12.2 percent.

U.S. imports from Europe also fell from August to September, but had major increases when comparing Q3 numbers. Germany increased in imports by 14.6 percent from Q3 of 2011 and Italy was not far behind at 13.7 percent.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(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

Last year at this time, retailers were relieved to learn that a tentative agreement on a new labor contract had been reached by dockside labor and management on the U.S. East and Gulf coasts. But not without considerable blood on the floor.

The National Retail Federation is encouraging maritime management and the union representing dockworkers along the U.S. West Coast ports to expedite pending contract negotiations and reach agreement on a new deal well in advance of the expiration of the current contract this summer.

SAP AG announced the availability of a new application to help centralize processing trade activities, SAP Global Trade Services, processing trade in China. 



Did you know that Supplier Portals can help companies reduce risk, improve compliance and enhance product availability? Download Amber Road's latest research report featuring research from Gartner.

Problem: In the margin-challenged consumer goods industry, your supply chain is under constant pressure to cut costs and maintain customer service and visibility. Solution: By breaking through silos and viewing the supply chain holistically, companies like yours are reducing supply chain costs by an average of 10% to 20%.

Article Topics

News · Global · Trade · TEU · 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