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United states imports surge as pandemic worries have retailers stockpiling

The Los Angeles-based maker of Exploding Kittens and Throw Throw Burrito board games ordered 1 million extra units from its factory in China with the hope of preventing Covid-19 from ruining its Christmas sales.

The move from the company, which sells product through Target, Walmart, and Amazon.com, comes as  U.S. suppliers and retailers have been rebuilding depleted inventories and battling uncertainty by stockpiling pandemic sellers such as toys, refrigerators, home furnishings and booze.

In the last few months, “I started getting the games out of China as fast as possible,” said Carly McGinnis, chief operating officer at Exploding Kittens. U.S. imports leapt 5.9% to a record in August, the first year-over-year rise since September 2019, according Panjiva, the supply chain research unit of S&P Global Market Intelligence.

It said imports of household appliances jumped 79.7%, and furniture imports increased 38.1%, fueled by orders from retailers like IKEA and Target. The Port of Los Angeles, the nation’s busiest seaport, unloaded thousands of containers from seven unscheduled cargo ships in August.

United States President Donald Trump’s trade war with China makes many imports costlier, but retailers said they don’t want to risk running out of merchandise if coronavirus infections upend supply chains again.

United states imports surge as pandemic worries have retailers stockpiling via @MasterMindUpdate
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