US retailers accelerate holiday imports due to port worker strike fears and late Thanksgiving.
US retailers are speeding up holiday imports, driven by fears of potential port worker strikes and shipping disruptions. An earlier-than-usual peak season for ocean shipping in July signals the trend. Retailers are pulling forward holiday promotions and stocking up inventory earlier due to these concerns, which also include the late November Thanksgiving date compressing the shopping season. Shipping companies report record volumes and increased freight rates.
August 09, 2024
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