High volumes, slow capacity recovery, elevated rates and service disruptions are set to continue well into next year, according to a senior executive at group’s Global Forwarding unit
The coronavirus outbreak exposed the fragility of global supply chains that move goods between countries. Due to the volatility of the logistic market, carriers are facing new risks and the need to promptly respond to changes in order to manage them. The global cargo transportation market is experiencing significant difficulties caused by abrupt decrease of the transport infrastructure throughput due to the coronavirus (COVID-19) pandemic.
Upward trend in air cargo traffic as inventory restocking cycle starts.