Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.
In partnership with Slync… retailers are shifting to omnichannel strategies to survive disruptions from e-commerce, but implementing omnichannel requires sophisticated supply chain data analytics.
When you consider all the implications of the service, it may be one of the biggest deals happening in the industry that you haven’t heard about.
Barclays forecasts a drop in oil price; China is witnessing a historic fall in auto sales over stock market crash and U.S.-China trade war; banks are discussing on emergency financing to liquidate Sears.
Sears Holdings, once the nation’s largest retailer, now appears to be headed for bankruptcy, according to the Wall Street Journal. The company has struggled to adjust as e-commerce has gained share in the retail space, and has begun to hire bankruptcy advisers to prepare for filing as soon as next week.
Hurricane Michael is forecast to make landfall as a strengthening Category 4; Sears may go bankrupt; retailers struggle to fill the hole left by Toys R Us; Cowen is bullish on Canadian Pacific; Seoul continues ploughing money into HMM to cover operations.
The closing of Toys ‘R’ Us is the latest sign of e-commerce’s dominance, and the absence of specialty stores may accelerate the move to online channels
Turndowns and trucks in market both deteriorated this week as shippers and carriers enjoyed their Independence Day holiday. US-China tariffs begin today; railroads worried about tariffs’ impact on carloads; air freight’s pilot shortage accelerating drone adoption; unemployment up slightly as US adds 213K jobs.
The Supreme Court ruled in favor of allowing states to collect taxes on all sales made through online channels, helping large omnichannel retailers compete online for sales.
E-commerce sales are putting pressure on retailers and that is leading to additional changes to the movement of freight and logistics.
No surprise, the e-commerce trend has entrenched itself into the lives of consumers — for better or worse — and there’s no turning back now. Another round of retailers this year has filed for bankruptcy.
