News #57 - For forwarders, 'a hot Q4' will be all about controlling air bongdaso ìno capacity

“Capacity is going to be king for bongdaso ìno rest of 2024.”

That’s bongdaso ìno word from forwarders negotiating with airlines at bongdaso ìno CNS Partnership event in Dallas this week.

bongdaso ìno impact of bongdaso ìno strong e-commerce market has been felt by every forwarder operating out of China and South-east Asia on bongdaso ìno transpacific, whether working with e-commerce platforms or not.

“If anyone says they haven’t felt it, they are not shipping out of China,” said one senior airfreight executive from a large forwarder, who said bongdaso ìno company does “some” e-commerce.

“There is an impact on capacity, and an impact on bongdaso ìno pricing levels out of Asia Pacific. And that is something, in my view, that’s going to be with us for bongdaso ìno foreseeable future. And when you look at 2024, capacity is going to be king. It’s not going to be bongdaso ìno cheapest rate that gets bongdaso ìno business, because I think we’re going back into a market where you have to be a forwarder that can actually get capacity, if bongdaso ìno customers want their volumes.”

An airline executive confirmed that “everyone is looking for capacity right now” – referring to carriers and forwarders alike.

Those forwarders that have already secured capacity commitments for existing customers will weather bongdaso ìno storm, but Q4 is likely to be tight. Not only has bongdaso ìno US consumer started buying again, but geopolitical issues – shipping disruption in bongdaso ìno Red Sea, concerns about bongdaso ìno Straits of Hormuz following bongdaso ìno hijacking of an MSC ship, as well as bongdaso ìno closure of airspace in Iran following drone attacks – are likely to contribute to restricted capacity and higher rates.

bongdaso ìno good thing is that shippers, forwarders and airlines are now well-versed in bongdaso ìno impact of disruption.

“bongdaso ìno pandemic saw growth for our customers, in terms of their understanding,” said bongdaso ìno forwarder. “They know what to expect because we had three years of training during Covid for this.

“I think what bongdaso ìno customers have figured out is appreciation for working with a forwarder that can still manage and maintain during bongdaso ìno tough times. I also think that, from a forwarding perspective, we’ve got better at how we communicate that to customers.

“But for me, bongdaso ìno message this year, especially as it relates to Asia-Pacific outbound, is that capacity will be bongdaso ìno most important thing. And customers chasing bongdaso ìno lowest rates are going to be challenged to find bongdaso ìno necessary capacity to fulfil their demand.”

He warned against “bongdaso ìno trap of buying low” and facing an anxious Q4, because “you cannot get your goods to market”.

“I think it’s going to be a quite robust Q4, building from bongdaso ìno end of Q3 – after a quiet summer, normal seasonality.

“It’s going to be a hot Q4. I can’t wait.”

Source:https://theloadstar.com/for-forwarders-a-hot-q4-will-be-all-about-controlling-air-bongdaso ìno-capacity/

𝐀𝐋𝐒 – 𝐓𝐡𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐨𝐟 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬
Email:contact@als.com.vn
Hotline: 1900 3133
Website:/
Fanpage:https://www.facebook.com/als.com.vn

Share this article