Fri. Oct 30th, 2020

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U.S. imports surge

1 min read
Huandai

The Los Angeles-based maker of Exploding Kittens and Throw Throw Burrito board games ordered 1 million extra units from its factory in China with the hope of preventing coronavirus from ruining its Christmas sales.

The move from the company, which sells product through Target TGT., Walmart WMT.N, and Amazon.com AMZN.O, comes as  U.S. suppliers and retailers have been rebuilding depleted inventories and battling uncertainty by stockpiling pandemic sellers such as toys, refrigerators, home furnishings and booze.

U.S. imports leapt 5.9% to a record in August, the first year-over-year rise since September 2019, according Panjiva, the supply chain research unit of S&P Global Market Intelligence. It said imports of household appliances jumped 79.7%, and furniture imports increased 38.1%, fueled by orders from retailers like IKEA and Target.

The Port of Los Angeles, the nation’s busiest seaport, unloaded thousands of containers from seven unscheduled cargo ships in August.

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