Supply Chain Edge: Consumer slowdown is slowing down — Panjiva

Supply Chain Research

Supply Chain Edge: Consumer slowdown is slowing down

Ags - Forestry 123 Brazil 386 China 2949 Cons. Discr. - Apparel 478 Cons. Discr. - Autos 1155 Cons. Discr. - Durables 493 Cons. Discr. - Retailing 450 Corp - Shipping 953 European Union 803 Info Tech - Comms Equip 205 Info Tech - Tech Hardware 772 Materials - Metals/Mining 734 Mode - Containerized 1446 Russia 111 Theme - Rates 226 U.S. 5293

US seaborne imports of containerized freight fell for the ninth straight month in April, led by a 24% slide in consumer goods shipments. However, the rate of decline is slowing. Destocking, which may have gone too far for some apparel firms, and slower sales are likely drivers. Seasonal patterns finally appear to be returning to normal.The evidence of a continued downturn in the electronics industry is apparent from the latest import data for mainland China as well as the latest results from Nintendo. Electronic component and equipment makers expect a recovery later in 2023. Battery supp...

Copyright © 2023 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.