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Disruptions are here to stay
The world of business and politics is never constant. And the ripple effects of global decisions and events constantly threaten to buckle the best-laid supply chain strategies in Asia. The lethal combination of global disruptions and the boom in e-commerce demand, has led to skyrocketing prices for transporting cargo from Asia to the world. Furthermore, customers are opting out of long-term contractual agreements like Requests for Quotations (RFQs) and Block Space Agreements (BSAs), preferring spot market-based agreements. This wait-and-see approach has led to sluggish demand for airfreight which has increased unpredictability in the market.
Whether rates will remain strong next year will depend on what we see in the airfreight sector towards the end of the year
Ocean vs Air – It’s a close debate
Ocean has always been the go-to medium for transporting goods worldwide, due to its infrastructure, competitive pricing and reach. Air Freight while high on price, is used to transport specialised goods and time-sensitive orders. However, the truth is that the cost gap between transporting cargo via ocean and air is narrowing down. And with peak season congestions coming up, air freight may have the upper hand in reliably getting your goods moving, but at what cost?
The Maersk Sea-Air advantage
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Download the whitepaper
Our latest whitepaper ‘Looking forward in unpredictable times’ delivers a comprehensive analysis of the current air freight market and projects its potential developments by 2025. Furthermore, it highlights the efficiency and reliability of Maersk Sea-Air in expediting the global distribution of goods from Asia.
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