L.A. Port Sees Chance to Ease Ship Backlog by Summer Peak
- Retailers intend to restock in the second quarter, Seroka says
- Long Beach chief calls for longer port, truck, warehouse hours
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U.S. supply chains have a chance to normalize after retailers replenish inventories next quarter, even if peak summer demand arrives sooner than usual, according to Port of Los Angeles Executive Director Gene Seroka.
“Most retailers continue to tell me they’ll use quarter two to replenish inventory, get that safety stock at a more comfortable level,” Seroka said on Bloomberg Television on Wednesday. “Then we’ll have a chance if we hit these two marks properly to pivot into an earlier-than-normal peak season in early June or July.”