Positive Peak Season Signs
Retailers and brands focused on inventory management and SKU rationalization to offset a possible recession in the first half of 2023. Economic indicators now suggest recession fears did not materialize.?
Most notably, the S&P 500 bounced back, inflation concerns dissipated, earnings season beat expectations, and Prime Day set new records for the ninth consecutive year.?
Economists overwhelmingly predicted the US would slip into recession, with one survey placing the odds at 70%. But the recession hasn't materialized amid steady growth in consumer spending buoyed by a persistently strong jobs market.
But shippers prepared for a muted peak season. As the economy rebounds, how will this affect supply chain operations and labor heading into the busiest time of the year??
Instead of consumer fears and a weaker-than-typical peak season that looked imminent, shippers may face a more robust demand.??
Read more on the Flexe Institute.