With Thanksgiving (and Black Friday...and Cyber Monday) fast approaching, there's no doubt that the holiday shopping season is here. On this episode of InTek Freight & Logistics: The Podcast, we take a look at how retailers expect the next couple of months to go with Jon Gold, Vice President of Supply Chain and Customs Policy at the National Retail Federation (NRF). Jon discusses the NRF's projections, which show a record level of holiday spending in spite of economic headwinds including inflation and conflicts overseas.
He also tells us about the continued rise of eCommerce, why - in spite of sales stretching throughout the season - many consumers still mark their calendars for the day after Thanksgiving, and how retail supply chains have evolved since the pandemic (including how nearshoring plays a part). Plus, Jon shares his thoughts on retail and the freight market now and into next year.
See more on the NRF's 2023 holiday season retail projections and learn more about the organization at nrf.com.
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