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Air Freight Rates Are Expected To Continue To Rise In October
2024-10-09
As the global economy continues to struggle with the complexities of supply chain management, international logistics is becoming increasingly important to businesses. Recently, air cargo prices began to rise ahead of China's National Day, and this trend is expected to further escalate in October. Soaring costs pose a major challenge for companies that rely on air freight.
Before the National Day, foreign trade companies are actively shipping to avoid affecting the delivery date. Demand for air cargo services usually surges. Businesses are building inventories in anticipation of higher consumer spending during the holiday season. Increased demand, coupled with limited cargo capacity, has led to an increase in air cargo prices. According to the situation in previous years, the peak season is coming, shipments are increasing, and prices are not expected to remain depressed like in the first half of the year, but will usher in a peak.
Air freight forwarders must consider the impact of these price increases on their pricing strategy. Higher logistics costs eat into profit margins, prompting companies to pass those costs on to consumers. This can lead to higher prices for end users, affecting demand.
The rise in air cargo prices ahead of the National Day highlights the complex relationship between seasonal demand and international logistics. As businesses prepare for further growth in October, strategic planning and adaptability are critical to navigating the changing global trade landscape. Rising air freight prices and their impact on international logistics
With National Day now over and the Spring Festival less than four months away, demand for air cargo services usually surges. Businesses are building inventories in anticipation of higher consumer spending during the holiday season. Increased demand, coupled with limited cargo capacity, has led to an increase in air cargo prices. Industry experts predict that this trend will continue into October, driven by seasonal demand and ongoing supply chain disruptions.
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