Subscribe to our free, weekly email newsletter!


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

The number of global manufacturers shipping to the United States slipped in July, according to Panjiva, an online search engine with information on global suppliers and manufacturers.
By Jeff Berman, Group News Editor
August 20, 2010

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% uptick from May, while July was up just 0.2% 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% spike from April to May and matching 3% gains for the previous two months, according to Panjiva data.

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

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

image
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff joined the Supply Chain Group in 2005 and leads online and print news operations for these publications. In 2009, Jeff led Logistics Management to the Silver Medal of Folio’s Eddie Awards in the Best B2B Transportation/Travel Website category. 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. If you want to contact Jeff with a news tip or idea,
please send an e-mail to .(JavaScript must be enabled to view this email address).


Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Dallas-Fort Worth-based regional operation offers service and support for key logistics hub.

This complimentary white paper addresses areas of potential benefit to a grocery distributor considering an investment in automated case picking technology.

In 2015, a new era in shipment pricing will go into effect when major carriers implement dimensional ("dim") weight pricing for all ground packages regardless of their size. This complimentary white paper, "Dimensional Weight: Don't Let it Weigh You Down", can help you optimize your packaging operation to minimize the financial impacts of dimensional weight pricing.

Replacing older, less-efficient lift trucks at the right time can reduce your maintenance costs, improve your productivity and, most importantly, save money and maximize your return on investment. So how do you determine the right time to make a new, significant purchase? Download this complimentary white paper for guidance on how to determine the ideal time to replace lift trucks and how planned replacement can benefit your operation.

The prolonged operating hours of automated distribution operations leave limited time for maintenance. For tightly-scheduled fulfillment operations, unplanned downtime not only cuts into slim profit margins, it jeopardizes future business and customer loyalty. Download this complimentary white paper to learn five mission-critical benefits of implementing a resident maintenance program.

Article Topics

· Economy · Shipping · Business · All topics

About the Author

Bob Heaney is a seasoned professional with over 25 years of distinguished leadership experience in research, analysis, and advisory roles in Supply Chain Engineering. Heaney’s coverage area within Aberdeen includes various elements of Supply Chain Execution (Transportation Management, Warehouse Management, Distributed Order Management and Supply Chain Visibility). Contact Bob Heaney


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