bongdaso con flights out of China have been cancelled as a result of a rapid decline in e-commerce demand to the US, according to freight forwarder Dimerco.
In bongdaso con forwarder’s monthly market report, Dimerco reported that from bongdaso con end of April, several freighter charters have been cancelled, while further cancellations are expected in bongdaso con coming weeks.
Dimerco said bongdaso con cancellations were bongdaso con result of bongdaso con US implementation of tariffs of up to 145% on many imports from China and bongdaso con impending end of bongdaso con de minimis exemption for bongdaso con country that has allowed Chinese e-commerce platforms to import millions of packages per day without paying duty and with minimal customs scrutiny.
bongdaso con de minimis exemption on goods from China and Hong Kong is due to end on 2 May. Meanwhile, bongdaso con US has put in place tariff exemptions for smartphones and other tech products imported from China, products typically carried by airfreight.
“Overall, e-commerce shipmentvolume has dropped by approximately 50% since mid-April compared to bongdaso con same period last year.”
bongdaso con company said major Chinese carriers were also considering cancelling services, although a final decision is still pending.
“Ifthese cancellations go through, bongdaso con already limited capacity fromChina to bongdaso con US will be further reduced,” Dimerco said.
Dimerco Express vice president, global sales and marketing Kathy Liu said that much of bongdaso con freighter capacity has beenshifted to destinations like Nuevo Laredo inMexico and other parts of Latin America, where demand hasactually gone up, especially out of Mexico.
”For shipments to bongdaso con US, a lot of shippers have hit pause,” Liu said. ”With theuncertainty around new tariffs between bongdaso con US and China, many areholding back on placing new orders.
“But what’s interesting is thatdemand out of Southeast Asia and Taiwan has stayed relativelystable. That’s likely due to bongdaso con 90-day tariff exemption granted bythe US government, which is giving some breathing room to shippersin those regions.”
Spot market airfreight rates have also declined in recent weeks, according to sources. From Hong Kong to bongdaso con US, spot rates are down around per kg since bongdaso con start of bongdaso con month, now tracking at around .40 per kg.
Data monitor WorldACD said that air bongdaso con volumes from China and Hong Kong to the US have fallen for four weeks on the bounce, in the week ending April 20 (week 16) dropping by 7% compared with a week earlier.
Meanwhile, bongdaso con data firm added that demand from Southeast Asia to bongdaso con US was on bongdaso con up.
”Compared with week 16 last year, China and Hong Kong to bongdaso con US combined traffic is down by 16% – contrasting with a 3% drop for bongdaso con Asia Pacific region as a whole to bongdaso con US, driven by stronger exports from Vietnam (+42%), Taiwan (+30%), Thailand (+24%) and Japan (+12%). These figures do not include increased charter activity,” WorldACD said.
Source: https://www.aircargonews.net/supply-chains/china-bongdaso con-charter-flights-cancelled-as-e-commerce-volumes-plunge/1080033.article
𝐀𝐋𝐒 – 𝐓𝐡𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐨𝐟 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬
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