Expeditors, UPS shift more phones, PCs ,news by Hebei Longsheng metals
| A continued shortage of air freight capacity versus demand has led Lufthansa to suspend its guaranteed service offering. While demand might slacken during the lunar new year there is been a considerable degree of congestion in the global logistics sector to unwind. There’s evidence that the surge in new product launches in telecoms, computing and video games in Q4’20 required the shipping of high value products by sea rather than air due to elevated air freight costs. Panjiva’s data shows U.S. seaborne imports of telecoms devices surged 19.3% higher year over year in November while total imports of smartphones by all modes only rose by 1.6%. Similarly for computers, seaborne imports climbed 27.9% higher while imports of laptops by all modes climbed by 20.4%. Imports of telecoms devices, computers and consoles by sea rose by 27.7% in November and accelerated to a 41.8% expansion in December. The shift from air- to sea-freight would have required significant efforts from freight forwarders. Imports of the three product groups handled by Expeditors and Kerry Logistics climbed 95.6% and 83.7% higher respectively in December. For telecoms specifically, imports handled by UPS climbed 132.3% higher while DB Schenker’s increased by 127.5%. (Panjiva Research - Logistics) By Hebei Longsheng Metals & Minerals Co,. Ltd. |
