Black Friday data is out! Air freight increases, logistics is so complicated?
Black Friday data is out! Air freight increases, logistics is so complicated?
During this year’s Black Friday and Cyber Monday events in the United States, Amazon, Walmart and Target once again demonstrated their strong market positions.
According to the latest data, Amazon ranks first with record sales of US$106.18 billion; Walmart ranks second with sales of US$20.37 billion; and Apple ranks third with sales of US$13.95 billion. Followed by Target ($7.48 billion), eBay ($7.36 billion) and BestBuy ($6.29 billion).
It is reported that the large number of product discounts on the Amazon platform attracted a large number of consumers to go on a shopping spree. During the event, consumers around the world purchased more than 1 billion items on Amazon, of which consumers ordered more than 500 million items from third-party sellers. commodity.
It can be seen that cross-border e-commerce currently plays a significant role in driving the global import and export of goods, but the increase in cross-border orders has also caused tight capacity and increased freight rates in the logistics sector.
According to reports, air cargo freight from China to Europe and the United States has increased by 50% from recent lows, and export demand for low-priced clothing and other goods on e-commerce platforms is strong. Flights to North America via Japan are also increasing, and flights from Japan to North America have seen freight rates rise due to tight shipping space.
Judging from the international air freight price index TAC index, the freight from Shanghai to North America was US$5.94 per kilogram as of November 20, an increase of 50% compared with the first week of July; the freight from Shanghai to Europe was US$4.64 per kilogram. up 53%. Freight prices from Hong Kong to North America and Europe increased by 32% and 37% respectively.
Air cargo is transported through containers on the lower part of passenger aircraft or cargo planes. After the COVID-19 epidemic in 2020, due to the grounding of a large number of passenger flights, cargo space was reduced, coupled with the chaos of maritime transportation such as container ships, freight rates skyrocketed. As passenger flights resume and maritime transport normalizes, the supply and demand relationship for cargo space tends to ease, and freight rates have been on a downward trend since 2022.
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Air cargo freight rates from Shanghai and Hong Kong increased again after July this year. The demand for e-commerce drives the market.
Rising freight rates mean reduced profit margins. Compared with air freight, which is hard to find, sea freight, which is a safe transportation method and has lower freight rates, has become the preferred logistics method for most e-commerce merchants.
Sunny Worldwide Logistics：Member of Worldwide Cargo Alliance ( WCA),less than 1% qulified shipping agency in China applied & Chairman Member of Airlines Association in Shenzhen.VIP Member of JC Trans,WIFFA & OLO Member too.