Air freight demand is expected to plummet as consumers in Europe and the US are forced to stop buying by shops closing.
The automotive industry has already stopped requesting components as plants have closed; retail has cancelled orders – Bangladesh alone faces cuts in orders for apparel worth $2.67bn.
“Shopping is just not a priority,” said one forwarder. “The only real air freight demand now is medical equipment and some urgent products. …
The post Change of dynamic: air freight demand now ‘the reverse of three weeks ago’ appeared first on The Loadstar.
Source: The Loadstar
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