Apparel and general merchandise manufacturers and retailers are using item-level, electronic product code (EPC)-enabled radio frequency identification (RFID) to enhance inventory visibility and respond to consumer demands for omnichannel options.
Shippers, carriers, longshoremen, businesses and consumers alike can breathe a sigh of relief in light of the tentative deal the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) reached on Feb. 20.
Import cargo volume at the nation’s major retail container ports is expected to rise an unusually high 16.9% this month over the same time last year as West Coast ports begin to dig out from a backlog of cargo that built up during just-concluded contract negotiations with dockworkers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
The National Retail Federation called for President Obama to become involved in the ongoing contract negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) if a deal is not reached.
The 29 West Coast ports, which handle 44% of container cargo in the U.S., are currently running at approximately 50-60% capacity, according to a report released Thursday by CBRE Group, the world’s largest commercial real estate services and investment firm.
First the bad news: The chronic congestion tying the West Coast ports in knots is on track to cost U.S. retailers some $7 billion this year, and losses could total nearly $37 billion by the end of 2016.