Every annual holiday season spikes not just the excitement and sugar levels, but also supply chain issues and challenges and a surge in volumes especially in the USA.
The holiday surge brings with it heightened pressures and shifting dynamics which affect the movement of both ocean and air cargo including surging rates, constrained capacity, and fluctuating demand across regions.
With the peak season especially for holiday shopping underway, freight rates have been rising in response to increased consumer demand with several upticks in freight rates noted on the Trans-Pacific and Asia-Europe routes. This demand is also due to the pressures of sea freight capacity due to blank sailings leading to limited vessel space.
Air freight is also experiencing a similar situation with capacity challenges prompting carriers to increase their rates in response to heightened seasonal demand.
On the regional front, while Asia’s export market remains robust some of the USA East Coast and European logistics activities are constrained due to port congestion, some of it caused by the 3-day strike in the US East Coast.
These details and more are contained in Dimerco Express Group’s November 2024 Asia-Pacific Freight Market Report.
Dimerco is encouraging and emphasising the need for shippers to adopt flexible strategies to secure timely deliveries during this crucial period. Dimerco recommends that shippers prioritize early bookings and consider multimodal transport solutions to mitigate risks.
As the global supply chain faces unprecedented demands, Dimerco’s insights underscore the importance of agility and forward-thinking strategies. For shippers aiming to deliver timely, cost-effective solutions, staying informed and adapting to market shifts will be essential to success this season.
Dimerco’s analysts recommend that businesses handle their logistics planning proactively to navigate these seasonal market shifts.
You can download your copy of the November 2024 Freight Report here.
