Despite current global economic woes, the National Retail Federation is cautiously optimistic that imports to the US will increase during this year’s peak season. According to Logistics Management, NRF expects consumer confidence to drive the increase, although it hedged its bet, indicating that consumer “spend during the next few months depends on what happens with employment.”
NRF made it projections in its recent Port Tracker report, which includes a survey of major ports such as LA/Long Beach, Seattle, and Miami. The organization is hopeful that conditions will improve over 2011, which left some ports wondering if a peak season ever materialized.
For retail, peak season generally runs from June through the fall, encompassing the back-to-school through holiday timeframe.
The Logistics Management article can be found here.