Although ports across the United States have yet to return to normal as we continue to experience delays, the National Retail Federation (NRF) and Hackett Associates recently revealed that the nation’s major retail container ports have begun to catch up. However, another surge could hit this summer.
“As we entered 2022, the biggest question was when the supply chain would return to normal,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Unfortunately, we still don’t have a definitive answer. Congestion at West Coast ports has eased, but congestion at some East Coast ports is growing. Ports aren’t as overwhelmed as they were a year ago, but they are still significantly busy, moving near-record volumes of cargo.”
According to the NRF and Hackett Associates’ monthly Global Port Tracker, United States ports handled 2.11 million Twenty-Foot Equivalent Units (TEU) in February, a press release explained. This number is down 2.3 percent from January, but up 13 percent year-over-year.
Although ports have yet to report March numbers, Global Port Tracker projects the month at 2.27 million TEU, unchanged from the same time last year. April is forecast at 2.13 million TEU, down 1.1 percent from last year, and May at 2.21 million TEU, down 5.3 percent year-over-year.
“With West Coast ports still congested, there were still plenty of containers to be unloaded,” Ben Hackett, Founder of Hackett Associate, said. Similarly, the current near-shutdown of Shanghai because of COVID-19 precautions means fewer ships are leaving China and, “the wait on that side of the Pacific will help reduce the pressure of vessel arrivals at Los Angeles-area terminals.”
To see what else NRF had to say about U.S. Ports and its predictions for the rest of 2022, click here.
As more updates on the supply chain become available, Deli Market News will continue to report.