Though the global economy has proved slow and difficult to navigate for many companies, certain processes are increasing in speed. According to the latest National Retail Federation Global Port Tracker data, shipping goods internationally by sea is one area that will remain strong. The most recent data indicated that imports to the U.S. through its ports will be 1.6 percent higher in July than in the same month last year.
“Economists and commentators are talking the economy down,” said Ben Hackett, founder of the polling company. “Despite the mixed signals, we remain optimistic that consumers will remain in the market.”
The port report predicted year-over-year shipping increases throughout the rest of 2012, culminating in preparations for the holiday season. Companies with strong warehouse management systems (WMS) could be better prepared for the influx of new imported goods.
Bloomberg detected a worrying trend for retail, however, highlighting the uncertain nature of the current consumer market. The source stated that the Reuters consumer sentiment figures for July were down from June. Hopes were the lowest so far in 2012, despite lower gas prices. Experts attributed the softness to persistent unemployment.