Panjiva’s latest analysis confirms that weakening demand in the U.S. is having economic repercussions around the globe. Our research team took a look at changes in the number of companies — across all industries — that are shipping goods to U.S. customers. The numbers are not encouraging:
- In October of 2007, approximately 179 thousand companies shipped to U.S. customers.
- In December of 2008, approximately 156 thousand companies shipped to U.S. customers.
- Thus, in a little over a year, there’s been a 13% drop in the number of companies shipping to U.S. customers.
We also took a look at the companies that are still serving American customers, and, again, the numbers were not encouraging:
- 12% of the companies that shipped to U.S. customers in December suffered a massive decline in the volume shipped to their customers (50% decline in volume from Q4 of 2007 to Q4 of 2008).
More soon. In the meantime, here’s a video summarizing our findings: