The Biden Administration’s regulatory agenda will face Republican scrutiny in the next Congress by way of oversight hearings and a stream of information requests to agency heads between hearings from committee chairs. Administration proposals concerning labor (employee) relations will be one of the more controversial areas based on Republican concerns that they will create more…
CONTINUE READINGIndustry Resources
Learn about IHA’s cost-saving programs, including the International Housewares Shippers Association, designed to help members grow their business!
U.S. Retail Intelligence – October
October 31 – Ross Stores Open 40 Stores The new outposts complete Ross’ growth plans for fiscal 2022, which called for the addition of 99 new stores. From: Chain Store Age October 28 – Target to Carry Marks & Spencer Holiday Items The limited-time partnership offers highly giftable, on-trend products at value prices. From: Progressive Grocer October 28 – Wegmans…
CONTINUE READINGU.S. Retail Intelligence – September
September 30 – Walmart Insists Distribution Can Handle the Holidays The Walmart supply chain has been challenged, the company admitted in a blog post, but the company has been able to deal with congestion and inflation so that it is ready for the holiday season. From: HomePage News September 30 – Qurate Names Veteran Supply Chain Exec Barnhart COO\ Qurate Retail Group…
CONTINUE READINGTariff Update
In early September, the U.S. Trade Representative (USTR) announced it had received comments from a number of entities supporting a continuation of the Section 301 tariffs on products produced in China. This culminates the first phase of USTR’s statutorily mandated “review of necessity” for Sec. 301 tariffs before they expire after four years. However, by September’s end, USTR…
CONTINUE READINGOcean Rates Reflecting Weak Demand
The fourth quarter of 2022 is shaping up to be a challenging time for both carriers and shippers. This same time last year, shippers were faced with record high rate levels and lack of space on containerships. Carriers were flush with cash and able to choose the cargo they wanted to manage. As we enter Q4 2022, the Asia to U.S. market has taken a 180-degree turn. Container…
CONTINUE READINGU.S. Retail Intelligence – August
August 31 – Hy-Vee to Hold Next Quarterly ‘Best of Local Brands’ Summit This year, Hy-Vee is focused on identifying suppliers with diverse backgrounds and urges minority-owned and women-owned businesses to apply for the quarterly summits From: Progressive Grocer August 31 – Dollar General Makes Additional Leadership Changes Dollar General announced several leadership…
CONTINUE READINGOcean Rates are Officially on the Decline
There is no longer denying that the Asia to U.S. market is showing signs of weakness. Major retailers have distribution centers that are already at capacity, so purchase orders are being delayed or cancelled altogether. Usually during the months of September and October, shippers are forced to pay peak season surcharges to secure space on vessels. That will not be the case…
CONTINUE READINGFederal Spending, Taxes, Inflation and Interest Rates
According to many economists, a major contributor to inflation in the U.S. economy is federal spending. Congress had already spent $3 trillion in 2020 responding to the pandemic when Democrats took the reins and passed the $1.9 trillion American Rescue Plan in March 2021. This was done despite warnings from economists including former Obama officials who feared more big…
CONTINUE READINGSupply Chain Variables Cloud the Future
The Ocean Shipping Reform Act of 2022 (OSRA22, S. 3580) signed on June 16 by President Joe Biden is a major step toward fixing supply chain problems that involve ocean carrier practices. An immediate benefit for trucking firms and shippers is that OSRA now requires 13 specific items of information on carriers’ invoices and failure to include such information relieves the need…
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