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There are just a few creases and tiny discolorations, even though it’s just a few weeks shy of 237 years old and has spent who knows how long inside a filing cabinet in North Carolina. Auctioneer Andrew Brunk pictured with the 1787 copy of the US Constitution at Brunk Auctions in Asheville, N.C., on September 5, 2024. Two years ago, a property was being cleared out in Edenton in eastern North Carolina that was once owned by Samuel Johnston. He was the governor of North Carolina from 1787 to 1789 and he oversaw the state convention during his last year in office that ratified the Constitution. The document was found inside this filing cabinet in Edenton, North Carolina.
Persons: Seth Kaller, it’s, , Charles Thomson, Andrew Brunk, Jeffrey Collins, AP Thomson, Samuel Johnston, Johnston, , Kaller, George Washington, Brunk Organizations: WE, Brunk, Constitutional, AP, United, New York, Continental Congress, Constitutional Convention Locations: Asheville, N.C, North Carolina, Asheville , North Carolina, United States, Edenton, Edenton , North Carolina, Independence, New, Hillsborough
The flow of trade is a real-time and forward-looking indicator of consumer spending and the economy because it shows supply, demand, and consumption. 1: Warehouse inventory and ratesWarehouse inventory is a good indicator of the health of the consumer because it gauges how much product is sitting in storage. The more product sitting in storage, the more it takes up valuable space and increases the price of storage. "Based on the inventory, we see more consumers purchased online rather than in-store," said Jordan Brunk, chief marketing officer of WarehouseQuote.com. "We had more e-commerce inventory from the warehouse than inventory heading to the brick-and-mortar stores."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarehouseQuote's Jordan Brunk on recent warehouse data and 2023 supply chain expectationsCNBC's Lori Ann LaRocco joins WarehouseQuote's CMO Jordan Brunk to discuss the company's first quarter outlook for 2023.
National warehouse storage rates remain elevated, but the prices did not rise quarter over quarter in Q4 2022, according to WarehouseQuote's just-released Warehouse Pricing Index report. "Rates remain at these levels as a result of warehouse inventories not coming down significantly in November and December," said Jordan Brunk, chief marketing officer of WarehouseQuote. Even as supply chain inflation slows, warehouse rates are high because there is a lot of inventory, which leaves less available space. Historic inventory levels occurred last year as companies brought in a lot of supply thinking the consumer would continue to buy. As a result, inventory builds have dropped, "but we still have a ways to go before reaching 'normal' inventory levels," WarehouseQuote said in the report.
A big decline in warehouse orders leaving storage and heading to retailers is another signal of the pullback in consumer demand. According to the latest data from WarehouseQuote, outbound orders from customers shipping to retailers is down by one-third (-33%) year over year. Jordan Brunk, CMO of WarehouseQuote, said with fewer products being moved out of warehouses to go into stores there will be less warehouse space available for incoming orders. Year over year the West Coast has seen higher pricing for third-party logistics warehousing, but more recently (Q3 vs. Q2 2022), pricing has decreased, Brunk said, while the East Coast continues to see a rapid increase in pricing as more overseas trade is routed for East Coast ports to avoid West Coast port labor issues.
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