A new report from the National Retail Federation and Hackett Associates’s Global Port Tracker predicts import cargo will decline through the rest of the year after hitting a near-record peak over the summer.
The drop-off comes as retailers finish stocking up for the holidays, and now face an uncertain economic climate due to tariffs.
“Retailers have stocked up as much as they can ahead of tariff increases, but the uncertainty of US trade policy is making it impossible to make the long-term plans that are critical to future business success,” NRF’s VP for Supply Chain and Customs Policy Jonathan Gold said in a statement.
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