Investigaciones de Panjiva

Shoemakers Face Unpleasant Trip If Tariff Hikes are Delivered

May 21, 2019

Over 170 footwear manufacturers ranging from Adidas to Under Armour have warned that the Trump administration’s proposed 25% duties on all Chinese imports could prove “catastrophic for our consumers, our companies, and the American economy as a whole”. Initially prices would ... Read more →

Downturn Predictions Defied as U.S. Imports Spring Up in April

May 13, 2019

U.S. seaborne imports grew 3.5% year over year in April – arguably the first normalized month following the lunar new year period and earlier tariff volatility. It may be the last for a while given the increase in tariffs on Chinese imports applied from May 10. Imports from China increas... Read more →

Tariff Quote Watch: Brooks To Run Production from Vietnam Ahead of Duty Risks

May 7, 2019

Brooks Running plans to shift most of its production of training shoes to Vietnam from China because of the threat of tariffs. The change will prove “disruptive, but the reality” according to CEO Jim Weber. Brooks has already started altering its supply chain. U.S. seaborne imports... Read more →

Tariff Quote Watch: Electrolux and Whirlpool Reach End of the Duty Cycle

April 26, 2019

The worst of the financial impact of U.S. tariffs on appliance manufacturers may have passed. Both Whirlpool and Electrolux reported improved profitability in 1Q 2019 as a consequence of increased prices. Electrolux CFO Therese Friberg has stated that the price rises has “fully offset... Read more →

LG Electronics Hangs Up on South Korea, Calls on Vietnamese Factory

April 24, 2019

LG Electronics will shift its smartphone manufacturing to Vietnam from South Korea, cutting costs and simplifying its supply chain. South Korean phone exports have already been in long-term decline and dropped 7.5% year over year in 1Q 2019. LG Electronics has followed Samsung Electronics in r... Read more →

Skechers, Adidas Could Run More From Vietnam With New Oakland Service

April 16, 2019

Pacific International Lines will launch a new container service to Oakland, Ca. from Haiphong in Vietnam. That’s likely been driven by surging seaborne traffic from Vietnam – driven by U.S. tariffs on Chinese exports – which climbed 16.9% year over year in the 12 months to Ma... Read more →

The Remarkable Resilience of America’s Demand for Imports

April 8, 2019

U.S. seaborne imports returned to growth in March with a 6.7% year over year expansion following a 4.1% drop in February. The improvement came despite a 3.9% drop in imports from China, which likely reflects the effective implementation of U.S. tariffs. That’s been offset by a 17.8% surg... Read more →

Lululemon Leaps Ahead, Achieves Balance With Youngone

March 28, 2019

Lululemon has announced a full year earnings outlook that was well ahead of consensus estimates after the sportswear retailer delivered 16.0% year over year growth in same-store sales. U.S. imports in the three months to Feb. 28 surged 41.4% year over year, suggesting growth is set to continue... Read more →

Tariff Quote Watch: Williams Sonoma Ready For The Worst as Furniture Tips Over

March 22, 2019

Williams Sonoma’s earnings guidance includes an increase in U.S. duties on Chinese exports of furniture to 25% from 10%, despite ongoing U.S.-China trade talks, which CFO Julie Whalen has stated could “put pressure” on the retailers’ profitability. The firm also faces d... Read more →

Vietnam May Be Winning the U.S.-China Trade War

March 20, 2019

Continued uncertainties about the outcome to the U.S.-China trade war may be leading companies to accelerate changes in their supply chains to include sourcing from other countries. Vietnam has been one beneficiary of that process over the longer-term. Vietnam’s export development has be... Read more →

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