Subscribe to our free, weekly email newsletter!


Panjiva data shows slight sequential improvements in global trade activity from September to October

After alarming declines from August to September, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that global trade activity showed a bit of a “leveling off” from September to October.
By Jeff Berman, Group News Editor
November 17, 2011

After alarming declines from August to September, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that global trade activity showed a bit of a “leveling off” from September to October.

Panjiva reported that the number of United States-bound waterborne shipments—at 1,027,973—was down 0.2 percent from September to October and was off 0.4 percent annually.

This is significantly better than the 8 percent decline from August to September, although with the slight sequential decline shipments dropped for the third time in the last seven months. In 2010, 2009, 2008, and 2007 September to October shipments were down 2 percent, up 3 percent, up 1 percent and up 2 percent, respectively, said Panjiva.

And manufacturers shipping to the U.S. came in at 141,999 for a 0.4 percent gain from September to October and a 0.5 percent annual hike. In 2010, 2009, 2008, and 2007 the number of manufacturers shipping to the U.S. from September to October was down 2 percent, up 3 percent, up 1 percent, and up 2 percent, respectively.

Given the current global economic environment, with ongoing uncertainty regarding the Euro and related sovereign debt issues in Greece and southern Europe, Panjiva CEO Josh Green told LM that this most recent batch of numbers was better than expected, given how difficult August to September was.

“I was expecting bad news,” said Green. “The concern was that this was a trajectory, and I think what appears to be the case is that some orders in past years that may have come in September ended up coming in October. The October numbers—given all that is going on in the world—should be viewed as positive.”

With shipments rebounding to a certain degree from September to October, Green explained this reflects how the economy is in a ‘post-2008’ world, when the Great Recession began, compared to a ‘pre-2008’ world.

The reason for this is that myriad retailers and manufacturers were stuck with extra inventory from 2008 to 2009, and as they began planning for the holiday season in subsequent years there has been more of a cautious approach to planning shipments and related supply chain activities.

“One of the differences between this year and last year is that last year there hope we were in the midst of a true recovery,” said Green. “People were being cautious, but there seemed to be an anticipation of needing to prepare for the coming growth. Now, I think, that anticipation is balanced by fear about what is going on in the macroeconomic environment, coupled with people being just plain cautious. Right now, all eyes are focused on what is happening in Europe and assessing how the holiday season is going to turn out for retailers. What happens on those two fronts will tell us a lot about what is going to happen in 2012.”

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

For companies large and small, an often overlooked key to handling sales growth in their DC is having the right picking strategies and technologies. Your current facility can do more than you think -- you just need to take a hard look at your current equipment and processes to maximize productivity with improved strategies or advanced technologies.

Dassault Systèmes, the 3DEXPERIENCE Company, a world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced the signing of a definitive share purchase agreement for Dassault Systèmes to acquire Quintiq, a leading provider of on-premise and on-cloud supply chain and Operations Planning & Optimization software, for approximately €250 million

During this complimentary webcast you'll learn the 6 reasons your operation could benefit from voice and multi-modal solutions and exactly how The Container Store did it. They were able to improve efficiency, safety and accuracy, without a complete WMS overhaul and their employees find it faster and easier to use.

Study suggests solutions for filling the talent gap, including the development of robust ties with the education system.

Global business optimism reaches highest level in survey history.

Article Topics

News · Supply Chain · Economy · Panjiva · All topics


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