According to the overseas platform SDC, on May 3rd, the latest April to May freight report from the global logistics company Dimerco shows that despite facing many global challenges, the air and sea freight markets continue to demonstrate strong resilience.
Kathy Liu, Vice President of Global Sales and Marketing at DiMei Technology, stated, "Air freight demand has surged by over 50%, mainly driven by the e-commerce and e-cigarette industries in southern China. TEMU has opened sea and air routes to the United States through Taiwan, Japan, and South Korea, disrupting traditional trade routes. As a result, freight costs on these routes now exceed those from mainland China, which is a rare occurrence."
In March 2024, the global Purchasing Managers' Index (PMI) rose to 50.6. Despite increasing global economic pressures such as worsening inflation and concerns about interest rate adjustments, the Asia-Pacific region continues to show growth, particularly in the expansion of both manufacturing and services sectors.
A report has revealed that trade routes from Asia to Europe have been significantly impacted due to the Middle East crisis. However, this situation has been partly mitigated by innovative routes through Dubai and increased demand for air freight driven by China's e-commerce.
The delivery volume of new container ships in the maritime market has surged, despite the peak in freight before China's Labour Day leading to an increase in shipping rates, it has effectively maintained supply and demand balance. Various countries in the Asia-Pacific region have shown unique market conditions, with air cargo space from India to the United States tightening due to increased demand, while Southeast Asia has remained stable amid global turbulence.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
