Panjiva data shows slight shipment growth from October to November

By Jeff Berman, Group News Editor
December 20, 2011 - LM Editorial

Slight signs of economic stability appeared to take hold on the global trade front from October to November, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Panjiva reported that the number of United States-bound waterborne shipments—at 1,029,789—was up 0.2 percent from October to November and up 2 percent year-over-year.

This is up a tad from the 0.2 percent decline in shipments from September to October. Shipments have been up 4 times in the past 8 months. In 2010, 2009, 2008, and 2007 October to November shipments were up 4 percent, down 1 percent, flat and down 1 percent, respectively, said Panjiva.

The number of manufacturers shipping to the U.S. from October to November, according to Panjiva, was 146,843 and up 3 percent from the same timeframe a year ago and flat annually.

In an interview with LM, Panjiva CEO Josh Green said when looking at the data from the August to September timeframe, it looks like buyers delayed their orders and spread shipments out over the fourth quarter more than in previous years, which have typically seen early and substantial spikes followed by quick drop-offs.

“This suggest that overall volumes in this holiday season—despite some early concerns—were relatively solid,” said Green. “This also speaks to a more cautious approach to inventory management and uncertainty in the macroeconomic environment, with buyers waiting to get more clarity and hoping to see which direction the economy was heading in before eventually having to pull the trigger.”

Meanwhile, concerns over the European economy and the fate of the Euro are still prevalent and still feels very unpredictable, according to Green.

And on the retail sales and consumer spending front, he explained that the holiday sales season is decent but not great.

“This will give buyers some degree of confidence that the economy is at least steadying a bit and giving them a little bit of confidence when placing orders,” noted Green.

While the holiday sales season was not nearly enough to declare that the economy is back on track, Green said all eyes will return to the jobs picture to gauge future economic growth. The reason being that if there is any type of sustained job growth, buyers will subsequently feel more confident about having more customers for the products they are importing.



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

less than one percent of all U.S. businesses export, and of those that do, the majority interacts only with NAFTA trading partners Mexico and Canada.

Seasonally-adjusted (SA) for-hire truck tonnage in April at 134.8 (2000=100) fell 2.1 percent from March and on the heels of a 4.4 percent February to March decrease.

The current price at $2.357 per gallon saw a 6-cent increase on the way to its highest weekly price of 2016 based on EIA data. And it is also the highest price since the week of December 14, when it was at $2.338 per gallon.

As e-commerce growth and demand goes, so goes the increased need for e-commerce fulfillment centers and distribution centers, according to the debut issue of the Global Prime Logistics Rents report recently issued by global commercial real estate firm CBRE Group Inc.

In this new world of Omni-channel—profitable and efficient anytime, anywhere fulfillment is the goal.

About the Author

Jeff Berman, 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.

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA