Yet claims that the country is running short on everything miss a key point. America has, in fact, imported an immense amount of stuff in the past eight months. And that's part of the reason we're in the midst of an epic supply-chain congestion.To understand the situation, consider the country's. This metric, tracked by the US Census Bureau, compares how much stuff sellers have on hand to how much stuff consumers are buying.
But the Port of Los Angeles reported a 30% uptick in incoming cargo in the first nine months of this year. The Port of Charleston, South Carolina, has been breaking all-time records since March. Prologis, a major industrial real-estate player, isAll of that means that the inventory to sales ratio isn't low because the US is short on stuff. It's low because sales have gone completely nuts. In the first nine months of 2021, retail sales were up 14.
"Today's retail sales data confirms the power of the consumer to spend, and we expect this to continue," Matthew Shay, NRF's CEO, said in a statement.
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