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US retailers’ global sourcing strategy will take time to develop: analysts

Bill Mongelluzzo, Senior Editor | Feb 3, 2023, 3:32 PM EST

As the size of China’s workforce declines and production challenges increase, US retailers are shifting to global sourcing strategies, with each sector looking for the business model that meets its particular requirements.

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Essential Reads

Spread between East, West coast ocean spot rates returns to pre-pandemic levels

Bill Mongelluzzo, Senior Editor | Jan 30, 2023

The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels.

FMC drops bid to use OSRA-22 for emergency data sharing

Michael Angell, Associate Editor | Jan 30, 2023

A Federal Maritime Commission member’s attempt to force marine terminals and ocean carriers to share more data under OSRA-22 has ended with the normalization of the ocean freight market.

NY-NJ marine terminals offering up more data to improve truck flow

Michael Angell, Associate Editor | Jan 27, 2023

Last year’s container surge prompted a harder look at information sharing for container availability and port operations, which New York-New Jersey marine terminals are responding to with new data.

US LTL carriers look past downturn by expanding for next rebound

William B. Cassidy, Senior Editor | Jan 27, 2023

The promise of economic improvement in the second half of this year and 2024 has LTL trucking companies adding terminals, doors, and services despite the current slowdown.

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    US LTL carriers look past downturn by expanding for next rebound
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