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Supply chain disruptions in Asia over the past few months have created a shortage of raw materials and components needed for manufacturing production in Vietnam, affecting airfreight volumes out of the country. In fact, Sri Lanka-based forwarder EFL Global’s networks are down between 20% and 30% year over year, steadily declining since March 2022. Paired
While capacity into China has improved since COVID-19-related restrictions lifted in early June, the resulting supply chain disruptions throughout Asia are triggering production and demand shortages for goods due to a dearth of raw materials and components for production. “The story is the same everywhere: empty cargo terminals due to no demand, no production capacity
Kim Corbin has left the Hill after nearly a decade and a half to join the consulting firm Pioneer Public Affairs as a partner.
Shipping companies have started to charter air cargo planes for enormous sums for a single flight as the shipping crisis continues to grow more severe.
After the initial shock of lost passenger capacity early in 2020, freight forwarders built up extensive networks of chartered freighters and passenger freighters to keep cargo moving for their shipper customers. Among these is Unique Logistics, a freight forwarder formerly based in Hong Kong but now headquartered in the U.S. Marc Schlossberg, executive vice president […]