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Against the background of high inflation, the import demand of the United States fell sharply

Time:2022-07-04 Publisher:Kevin Num:2229

Recently, the import demand of the United States has fallen sharply. This makes retailers have to clear unsold inventory by discounting.

On the other hand, the number of shipping containers in the United States plummeted by more than 30%, hitting a record low.

The reason for this bad situation is high inflation. American consumers suffer the most. They should not only bear the burden of high inflation, but also strengthen their savings.

Some experts said that this was a chain reaction. If the high inflation in the United States continues unabated, the overstock of U.S. Commodity inventories will further reduce import demand.

Recently, a large retailer released the latest data. Costco's total inventory as of May 8 reached US $17.623 billion, with an annual growth rate of 26%. Most of them are the inventory left in the peak season last year.

Other large retailers, such as Macy's and Wal Mart. Their inventories also increased by 17% and 32% respectively compared with last year.

The chairman of a furniture company said that high inflation reduced customers' desire to buy, resulting in excessive terminal inventory.

According to the latest data released by the Federal Reserve, the price level in most parts of the United States has increased rapidly. The growth rate of producer price index PPI has exceeded that of consumer price index CPI.

Nearly half of the regions reported that companies could pass on high costs to consumers; Some regions also pointed out that they were "boycotted by customers", such as "reducing the purchase volume or replacing it with cheaper brands".

In fact, the spillover effects of high inflation and inventory backlog deserve more attention. Some experts said that in addition, there is still great uncertainty about the external geopolitical risks.

Because it will not only directly affect the prices of relevant commodities, but also promote global inflation. At the same time, it interferes with the smooth flow of the global industrial chain supply chain and increases trade costs.

Since May 24, container imports to the United States have fallen by more than 36%. The United States has reduced its import demand for all countries in the world.

A survey released by ABC in June showed that most respondents were dissatisfied with Biden's economic policies since he took office.

71% of the respondents were dissatisfied with Biden's efforts to curb inflation. More than half of the respondents believed that inflation and economic issues were extremely important.

Jamie Dimon, CEO of JPMorgan Chase, even warned that the future would be darker. In terms of global supply chain, it is suggested that freight forwarders and shippers should be fully prepared to cope with various changes.

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