06-01-2011, 12:00 PM
Jake,
The ocean carriers are parking boats so it has to be more then just rates.
Maull,
People no longer can afford to hold inventories at those kind of levels. To cut cost the average retail DC size has dropped some 200% since 1980. I just don't think people have the ability to hold 9 months of inventory.
Even JC Penny which had the largest DC capability in the US as recently as 1990 has pretty much blown us their DC capabilities.
Inventories are a thing of the past.
Maybe the ocean volume is a tell tale sign long before the surface is? Typically when ocean drops surface drops right with it but I only have like a 20 year sample.
Vllad
The ocean carriers are parking boats so it has to be more then just rates.
Maull,
People no longer can afford to hold inventories at those kind of levels. To cut cost the average retail DC size has dropped some 200% since 1980. I just don't think people have the ability to hold 9 months of inventory.
Even JC Penny which had the largest DC capability in the US as recently as 1990 has pretty much blown us their DC capabilities.
Inventories are a thing of the past.
Maybe the ocean volume is a tell tale sign long before the surface is? Typically when ocean drops surface drops right with it but I only have like a 20 year sample.
Vllad