SOURCE: Panjiva

Panjiva

October 21, 2009 08:00 ET

This Year's Holiday Hit: Hand Sanitizer; Massive Spike in Imports Ahead of Swine Flu Season

Sign of the Times: U.S. Companies Stockpiling Hand Sanitizer; Shipments to U.S. More Than Double Versus Last Year

NEW YORK, NY--(Marketwire - October 21, 2009) - Today, Panjiva, the leading source of objective information on global trade, released an analysis of hand sanitizer shipments to the United States. The analysis showed that hand sanitizer shipments in the third quarter of 2009 more than doubled hand sanitizer shipments in the third quarter of 2008. Specifically:

--  In the third quarter of 2009, there were 128 waterborne "hand
    sanitizer" shipments to the United States -- compared to 56 shipments in
    the third quarter of 2008.
--  When analyzed on a weight basis, there was a threefold increase in the
    amount of hand sanitizer shipped in the third quarter of 2009 -- compared
    to the third quarter of 2008.
    

According to Panjiva CEO Josh Green, "If the September decline in global trade is any indication, U.S. companies aren't expecting many items to fly off store shelves this holiday season. However, it certainly seems that U.S. companies are betting that Swine Flu will turn hand sanitizer into a holiday hit."

About Panjiva's Methodology

Panjiva's patent-pending technologies were developed under the leadership of Panjiva Co-Founder and CTO James Psota, a computer scientist from MIT. The technologies enable Panjiva to process huge amounts of data, cleanly and quickly. In this case, Panjiva's natural language processing algorithms analyzed tens of millions of shipping records to quickly identify shipments that included the phrase "hand sanitizer."

About Panjiva

Panjiva is an online resource for sourcing executives to gain credible and valuable knowledge about suppliers and manufacturers around the world. By providing the most comprehensive data in an easy to use format, Panjiva informs the decisions that facilitate doing business globally. Supply chain and global production executives responsible for finding the right factories, negotiating costs and avoiding costly supply chain disruptions have been "flying blind." Panjiva is the first and only online information source designed to provide complete transparency into overseas suppliers. Leveraging a variety of public and proprietary data sources, Panjiva is bringing new levels of visibility to the management of global supply chains. Panjiva was founded by CEO Josh Green and CTO James Psota. Panjiva received an equity investment from Battery Ventures and a contingent of angel investors. For additional information, visit: http://panjiva.com

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