ATLANTA, Georgia, March 16, 2022 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released its March report on the ongoing global shipping crisis and analysis for logistics and supply chain professionals. The report shows continued strong U.S. ocean container import volumes in February and strong economic indicators that, combined with recent geopolitical conflict, suggest continuing levels of disruption for global supply chains in 2022.
February continued the very strong start to 2022 with another record for container import volume (see Figure 1). Container import volume was down 3% from January 2022, but up 12% from January 2021 and 38% from February 2020. Considering that February this year was 3 days shorter than January, which equates to 9.7% fewer days to process shipments, it was actually a stronger import month than January. Another month effectively exceeding the 2.4 million container import mark indicates that the chronic supply chain disruptions (e.g., delays, variability, etc.) that importers and the logistics community have been experiencing are not abating in the short-term.
Figure 1. U.S. Container Import Volume Year-over-Year Comparison
