US Import Demand Overwhelms Supply Chains During Peak Season
Panjiva data indicates that US imports remained high in May, showing significant year-over-year growth, albeit at a slower pace. Consumer goods demand is robust, while raw materials face pressure. Imports from China experienced notable growth, but face challenges due to the pandemic. Experts attribute the growth to demand, congestion, and shifting consumption habits. Looking ahead, the import market is expected to adjust as the pandemic eases and consumption patterns evolve, requiring businesses to adapt flexibly.
