As inflation pressures persist and the Fed raised interest rates to cool demand, retail imports are expected to fall below last year’s levels for the remainder of the year, as July imports inched down less than 1% year-over-year to 2.18 million Twenty-Foot Equivalent Units, according to the NRF and Hackett Associates. Consumers are still buying, but the surge during the past two years appears to be slowing compared to the high volumes last year, though cargo volumes are solidly above pre-pandemic levels. Supply chain concerns remain high going into ... Log in to view full article.