News

Labor Market Will Play Increasing Role in Economic Outlook but Rising Wages Could Lead to More Inflation

September 20, 2021

 
Strong consumer spending over the past year has been boosted by government stimulus programs but will rely more on the labor market and job creation as the benefits of those efforts subside, National Retail Federation Chief Economist Jack Kleinhenz said. Meanwhile, higher wages that employers have had to pay as they struggle to fill job openings could lead to more inflation in coming months. | More Information

Retail Imports Remain Strong but Growth Slows as COVID-19 Disruptions Continue

September 20, 2021


Double-digit growth in imports at the nation’s largest retail container ports is slipping to single digits as pandemic-related supply chain disruptions around the world continue, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. | More Information

The Business Case for Upcycled Gear

September 7, 2021


Dozens of outdoor brands have been exploring creative ways to keep their gear out of landfills, either by upcycling scrap material into new items or by collecting, repairing, and reselling used products. “There’s business value and environmental value,” says Amy Horton, senior director for sustainable business innovation at Outdoor Industry Association. “The outdoor industry is in a unique position for reuse. We make gear that’s meant to last a long time and stand up to quite a bit of wear and tear.” | More Information

Toy Association Team Speaks Out on Supply Chain Disruptions

August 26, 2021


As part of a concerted legislative advocacy and media push across America and even into China, Steve Pasierb, president & CEO of The Toy Association, appeared on Cheddar News August 13 to explain how supply chain disruptions are impacting Toy Association members in ports everywhere from Asia to the U.S. and what this could mean for the toy industry and shoppers this holiday season. Toy Association member companies are reporting up to 800 percent increases in container costs (if they can even get containers), significantly longer transit times from factory to retailer, and how this is seriously impacting toy company bottom lines. | More Information

China shipping: container disruptions inevitable at Ningbo-Zhoushan Port, but impact may be ‘marginal’

August 26, 2021


As rumors swirl about a possible reopening time frame for a key terminal at the world’s largest port by cargo tonnage, analysts and industry insiders say any problems in the global supply chain could be milder than those seen earlier this year at China’s Yantian Port in Shenzhen. Nonetheless, they expect further disruptions at the Ningbo-Zhoushan Port to be inevitable as a result of Meishan terminal’s closure since August 11 following a worker’s positive coronavirus test. | More Information

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