Air Cargo is a reliable alternative to sea freight during peak season: Maersk
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Maersk has promoted air freight as a reliable alternative to sea freight during peak season.
In a market overview, the company said that although the ocean freight market has shown improvement in recent weeks, challenges remain.
“While the situation is improving across the ocean network and in European ports, our customers still face several supply chain challenges,” the company said.
“Along with Golden Week, inflationary pressures and lower consumer demand across the board, a series of service adjustments have been activated on Asia-Europe trade to balance supply and demand.
“While product coverage will be impacted by these changes, the program will help improve terminal and schedule recovery, which have been key hurdles for global supply chains.”
Pointing to port strikes in Felixstowe and Liverpool as potential market disruptors, the company said that while improved sea freight conditions have slightly reduced air demand, the need for a reliable alternative is likely to remain high across the country. Europe during high season.
Looking at the overall air cargo market, Maersk identified volatility, with volumes down but rates still above 2019 levels due to jet fuel costs, lack of passenger/ventilation capacity and the impact of the war in Ukraine.
The company added that consumer spending in Europe has been hurt by inflation hitting a record high of 9.1% in August.
“The future is uncertain as we enter the winter months,” Maersk said, adding that “a European energy crisis is imminent according to experts, with the energy and chemicals sectors most affected. Russian and Ukrainian airspace remain closed and there is no indication when that will change.