Furniture, Appliances & Equipment warehouse appointments jumped in February, with the Opendock Index climbing 17.5% month over month to close 8.3 points above the 100 baseline. Year over year, activity is up 6.2%, and the context behind that number matters. Census data shows durable goods inventories up 1.7% year over year in January, pointing to deliberate restocking ahead of anticipated supply chain disruptions tied to the Lunar New Year. Retailers are building buffer inventory now, and that is showing up at the dock. Higher throughput and sustained dock utilization are expected to continue into spring as that inventory works its way through the supply chain. For operations teams managing inbound volume in this sector, the window to get scheduling and capacity planning right is open now, before the surge fully arrives. #SupplyChain #Logistics #Warehousing #FurnitureIndustry #MarketUpdate #Opendock
Just read a related piece regarding safety stock planning for fuel prices, likely driving those numbers up as well! https://www.linkedin.com/pulse/stop-focusing-oil-prices-yossi-sheffi-kmx4e/