Descartes’ World Delivery Disaster Report Reveals 12% Decline in Nov. Import Volumes
ATLANTA, Georgia, December 12, 2022 — Descartes Programs Group (Nasdaq: DSGX) (TSX:DSG), the worldwide chief in uniting logistics-intensive companies in commerce, launched its November report on the continuing international transport disaster and for logistics and provide chain professionals. The report reveals that November U.S. container import volumes declined to shut to November 2019 ranges. Port delays proceed to lower, however main East and Gulf Coast ports nonetheless have prolonged wait occasions versus main West Coast ports. Key financial indicators throughout this era paint a conflicting image about their affect on future import volumes and, mixed with COVID, the Russia/Ukraine battle and the West Coast labor scenario, proceed to level to additional disruptions and difficult international provide chain efficiency going into 2023.
November 2022 U.S. container import volumes declined 12.0% from October to 1,954,179 TEUs (see Determine 1). Versus November 2021, TEU quantity was down 19.4%, and solely 2.8% increased than pre-pandemic November 2019. Word that November is a shorter month (30 days) and comprises the U.S. Thanksgiving vacation, each of which might negatively affect container import volumes.
“Evaluating fall imports in 2022 to the earlier six years, November would have been anticipated to be decrease than October (see Determine 2); nevertheless, November 2022 had the best October-to-November decline since 2016 at 12%,” mentioned Chris Jones, EVP Trade & Providers at Descartes. “The November U.S. container import information reaffirms that the strain on provide chains and logistics operations has begun to carry, however there are nonetheless various points which will trigger additional disruptions in 2023.”
The December report is Descartes’ seventeenth installment since starting its evaluation in August 2021. To learn previous studies, study extra about the important thing financial and logistics components driving the worldwide transport disaster, and overview methods to assist deal with it within the near-, short- and long-term, go to Descartes’ World Delivery Disaster Useful resource Heart.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the worldwide chief in offering on-demand, software-as-a-service options centered on bettering the productiveness, efficiency and safety of logistics-intensive companies. Clients use our modular, software-as-a-service options to route, schedule, monitor and measure supply sources; plan, allocate and execute shipments; fee, audit and pay transportation invoices; entry international commerce information; file customs and safety paperwork for imports and exports; and full quite a few different logistics processes by taking part on this planet’s largest, collaborative multimodal logistics group. Our headquarters are in Waterloo, Ontario, Canada and now we have places of work and companions world wide. Be taught extra at www.descartes.com, and join with us on LinkedIn and Twitter.
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