The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
The show floor at Ambiente in Frankfurt reverberated with mounting concerns about the potential for major supply chain disruption as Chinese factories remained shuttered by China’s massive coronavirus quarantine.
The last year saw the cookware industry plagued by the growing instability surrounding the tariffs implemented by the Trump Administration. However, there is belief among some vendors that 2020 will be the year manufacturers are able to move forward and the industry will right-side itself.
The coronavirus has struck the trade show sector with the International Housewares Association reporting that it would not open the International Sourcing Pavilion at the upcoming Inspired Home Show and reports circulating that the Canton Fair has suspended exhibitions.
A strong economy has helped the housewares industry make new investments, despite continued uncertainty surrounding tariffs and cost pressures from the top and bottom. Many housewares suppliers in 2020 will be introducing new products that differentiate themselves from the competition, developing more ways to connect directly with consumers and continuing to fine-tune business operations.
After a year of fluctuations driven by the uncertainty of the trade dispute with China, volume at the nation’s major retail container ports is expected to return to its usual seasonal patterns during the first few months of 2020, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
The National Retail Federation and other associations welcomed news that the U.S. and China have agreed on a “phase one” trade deal, according to recent media reports.
Volume at the nation’s major container ports bumped up significantly in November as retailers imported merchandise ahead of new tariffs set to take effect this month, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Alibaba kicked off its 11.11 Global Shopping Festival on November 11 at midnight in China, and, in the first minute and eight seconds, gross merchandise volume (GMV) settled through the Alipay service reached $1 billion. In the festival’s first hour, Alipay GMV reached $12 billion.
Imports at the nation’s major retail container ports are expected to hit their highest level of the year in November just before additional tariffs take effect in December, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.
The Universal Postal Union, in an Extraordinary Congress, has given the United States the go-ahead to raise postal shipping rates on packages under 4.4 pounds, and end a break that gave international firms a big advantage over domestic companies in moving small-item packages.
The impact of tariffs on consumer purchase decisions will vary from product to product based on whether shoppers view an item as a necessity or a luxury, according to the results of a recent study by The NPD Group.
As it reported second quarter results, Dorel Industries said that it is doing its best to shrug off the effects of tariffs imposed on China by the U.S. as it drives top-line growth and makes adjustments to boost the bottom line.
Importers of Chinese made goods, including many product suppliers in housewares, will be facing a new round of tariffs beginning in September.