Businesses are learned about reopening, but india phone number library the pandemic isn’t over. In fact, a resurgence could cause us all to take two steps back. “We may dip in and out of this pandemic for sometime to come,” says Sean Flaherty, VP Retail & Ecommerce, at UPS.
Use this slide to forecast what’s likely to happen next in the event the countries you sell into experience renewed outbreaks and shut down again:
Flaherty says China is cautiously reopening and manufacturing is slowly returning but consumer spending is lagging, creating logistical imbalances and significant impacts on freight capacity and pricing.
expect for freight and travel
Supply and demand is becoming more balanced as China reopens and demand in Europe and the U.S. contracts.
Expect air freight pricing to remain high until passenger traffic rebounds and belly capacity increases. With passenger flights cancelled, the cargo often transported in the bellies of passenger planes has nowhere to go. Since February, much of that volume has moved to freighters or aircraft designed to transport goods in bulk.
The Global Business Travel Association suggests business travel will resume in the third quarter followed by intercontinental passenger travel, according to the International Air Transport Association, in the fourth quarter.
While fuel costs are at historic lows
Providing a tailwind, ocean understanding the product or service freight costs could creep up as demand for ship (and ship container) capacity germany cell number increases as an alternative way to store oil at sea so it can be sold later when prices rise.