U.S. importers of household goods have ramped up ordering from Vietnam to avoid Chinese tariffs, but landside and ocean capacity strains are already showing. Manufacturing in Vietnam is approaching capacity, and vessels leaving ports are fully subscribed, therefore further growth in exports of household goods will be constrained. Imported household goods reflect a slowing national economy and declining imports from China, and the inability of growing imports from Vietnam to replace what has been lost from China due to the tariffs.

Click the link below to read more:

JOC: US household importers’ pivot to Vietnam strains capacity (Bill Mongelluzzo, October 25, 2019). 

 

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