Retailers Walmart, Target, and Shein began early back-to-school sales to compete with Amazon's Prime Day, accelerating the US peak ocean shipping season by two months.
Back-to-school sales by retailers Walmart, Target, and Shein commenced early to counter Amazon's Prime Day event, accelerating the US peak ocean shipping season by two months. Goods are moving earlier than usual since last year, when attacks near the Suez Canal forced vessels to take a longer route. Retailers account for half of US container import volumes, with the ocean shipping industry managing about 80% of global trade.
July 19, 2024
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