Flat pack flattened: February 2023 maritime supply chain activity — Panjiva
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Flat pack flattened: February 2023 maritime supply chain activity

China 2970 Cons. Discr. - Apparel 494 Cons. Discr. - Autos 1178 Cons. Discr. - Durables 513 Cons. Discr. - Retailing 467 Consumer Staples 760 U.S. 5316

Maritime bill-of-lading data can provide a lower latency, higher granularity guide to supply chain activity than regular macroeconomic data, at the cost of being less complete. US seaborne imports of containerized freight slumped 20% lower year over year in February, signalling a continued slowdown in supply chain activity across a wide range of industries. The downturn was led by consumer discretionary products, which dropped by 29%, while consumer staples shipments also declined by 12%. Within consumer goods, the fastest downturn was among home furnishings importers, whose shipments fe...

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