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The National Retail Federation now expects the coronavirus outbreak will have a “longer and larger impact” than previously estimated on incoming goods at 11 major U.S. ports, as factory shutdowns and travel restrictions in China continue.
Last month, the NRF forecast that imports would be back to normal in April. Now, the trade group says that won’t likely happen until May.
That’s according to a new report from the NRF with data and forecasts for the U.S. ports of Los Angeles/Long Beach; Oakland, Calif.;