The shipping environment is wreaking havoc on US importers trying to get products into their supply chains prior to the upcoming holiday season. To make matters worse, there is no end in sight to the shipping turmoil facing shippers. Logistic experts are predicting the current turmoil will last at a minimum through February 2022. Shippers have been left wondering how Asia to…
CONTINUE READINGIndustry Resources
Learn about IHA’s cost-saving programs, including the International Housewares Shippers Association, designed to help members grow their business!
The Employee Retention Credit (ERC) Explained
The Coronavirus Aid, Relief and Economic Security (CARES) Act signed in March 2020 created a new Employee Retention Credit (ERC) for employers who: Had operations partially or fully suspended as a result of orders from a governmental authority due to Covid-19, orExperienced a decline in gross receipts by more than 50% in a quarter compared to the same quarter in…
CONTINUE READINGAll Facets of US Supply Chain in Turmoil
Finding container space is not the only problem facing US importers. Once a container arrives at the marine terminal to be off loaded, the shipper can expect a stack of new problems. Port congestion, chassis availability, truck power, and rail capacity are just a few of the issues preventing cargo from moving freely to US distribution centers. Port congestion has…
CONTINUE READINGU.S. Retail Intelligence – June
June 28 – Albertsons’ Vivek Sankaran sizes up state of grocery post-pandemic FMI Midsummer session spotlights trends that will stick and those that might not. From: Supermarket News June 28 – Inside the Herman Miller x Knoll Merger Things are moving faster than expected. BOH looks at who’s in, who’s out, and the background of a deal that almost didn’t happen. From:…
CONTINUE READINGContainer Space Has Reached Crisis Stage
Experts predicted that finding space on containerships was going to be a challenge for shippers during the 2021-22 contract period. However, no one predicated the severity that the space crisis is currently having on supply chains across the US. To make matters worse, the lack of container space has not peaked yet. The space problem is going to get a lot worse before it gets…
CONTINUE READINGU.S. Retail Intelligence – May
May 30 – What's New About Lidl's New CEOMichal Lagunionek, among other newly arriving U.S. execs, brings a strong track record and new support to a job that’s only still beginning, sources say. From: Winsight Grocery Business May 28 – Burlington Stores Ramps Up Merchandising CapabilitiesThe off-price retail company recently signed a lease to double the square footage of its…
CONTINUE READINGSupply Chain Issues Add to Economic Concerns
As the United States looks to sustain its economic recovery to pre-pandemic levels and beyond, there are potential warning signs that this might not go as smoothly as hoped. For example, though job openings climbed to a record 8.1 million in March, pointing to a surging labor demand as the economy reopens, many companies are struggling to fill those positions. Some…
CONTINUE READINGTax Hikes on the Congressional Agenda
On March 31, President Biden announced the first half of his “Build Back Better” initiative, the $2.25 trillion American Jobs Plan. Presented by the White House as an infrastructure plan, this massive proposal covers a broad range of functions that go beyond the conventional notion of “infrastructure” to include programs such as $400 billion for home and community-based…
CONTINUE READINGU.S. Retail Intelligence – April
April 30 – Target works toward goal of opening 40 stores this yearTarget appears to be on track to reach its goal of opening 30 to 40 stores this year with 12 new locations already operating, including a site along Hollywood's Walk of Fame in Los Angeles and a small-format store near the University of Georgia campus. This slide show offers a look at the retailer's newest…
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