Although the number of new coronavirus cases in China is dropping, shipping lines are still canceling sailings in response to expected low demand.
The coronavirus has created a weird market dynamic for airfreight in China. There is very little demand for scheduled flights to move manufactured goods, but charter flights are in high demand to get medical and relief supplies to China. And airfreight rates are poised to jump once Chinese factories fire back up.
Importers and exporters can expect shipping delays and skyrocketing transportation budgets associated with the logistics challenges in China associated with the coronavirus in China. But there are steps companies can take to minimize the damage to customers and their bottom lines.
Many people are paying attention to the coronavirus from a travel perspective and what it will do to the passenger airline industry, but less recognized is that the air cargo that rides below passengers’ feet will also have fewer transport options.
Quarantines and factory shutdowns could deepen and extend the traditional Chinese New Year trough.
Uni-Top expected to restructure
