Supply Chain Research

U.S. international trade activity fell for an 18th straight month in February with a 1.9% year over year decline. Imports of goods improved by 10.3%, largely due to a consumer boom. Trade in services dropped by 18.7% as the result of a continued loss of transport and travel services linked to the pandemic. One concern for the economy is that exports of goods fell by 5.1%, the fastest rate of decline since November. The biggest contributor was a 47.6% slump in exports of aerospace products due to Boeing’s challenges on top of the pandemic’s effects. There was also a 7.6% dip in energy exp...