Beyond almost every prediction, COVID cases continue to rise as we enter late November, further hindering the economic recovery and reprieve that the logistics industry desperately needs. Even though the economy is trending upward, most companies are still reeling from supply chain disruptions. The coming of Peak Season likely brings a demand increase as much as 50% compared to 2019, which will result in increased rates and transit.
Holiday retail sales crossed the $1 trillion mark for the very first time in 2018, setting a new holiday shopping record. Holiday sales surpassed expectations at a 16.5% year-over-year increase and significantly surpassed the forecast for 4.3-4.8% overall holiday retail growth. This year, 2019, another increase is expected; the size of the increase will have a ripple effect across supply chains. Here are 7 things to look out for concerning shipping during the holiday season.