Unlike the first four months of 2023, the growth in import volume in June accelerated past 2019 volumes by 2.1 per cent for the same period in each year, according to the July Global Shipping Report by Descartes Systems Group.
Although the decline was not as much as in previous years, volumes were higher than pre-pandemic 2019. Port transit times decreased to their lowest levels since Descartes began tracking them. The US West Coast labour situation appears to be resolved with a tentative agreement between the parties, but the major Canadian West Coast ports are in the throes of a strike.
The July update of the logistics metrics Descartes is tracking shows signs that key challenges to global supply chain performance in 2023, such as US West Coast labour relations and port transit time delays, continue to improve.
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