Tag Archive for: demand

ACA Volume growth

Air Cargo Volumes Surge in June, Setting Stage for a ‘Hot Q4’ in Rates

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ACA Volume growth

Strong Demand Growth Paired with Limited Supply Points to Significant Rate Increases, Putting Pressure on Shippers and Forwarders to Strategize for Peak Season

 

The global air cargo market is gearing up for a potentially intense fourth quarter, with expectations of significant rate hikes. This projection follows a sixth consecutive month of double-digit growth in June, underscoring a robust recovery. According to the latest analysis by Xeneta, shippers and forwarders who are not adequately prepared for this year’s peak season may find themselves ‘at the mercy of the market.’

June saw a 13% year-on-year increase in demand, measured in chargeable weight, continuing the positive momentum experienced throughout the first half of 2024. In contrast, cargo supply grew at its slowest rate this year, with only a 3% year-on-year increase.

This imbalance between supply and demand has led to a tighter market. Xeneta’s dynamic load factor, which measures capacity utilization based on the volume and weight of cargo flown against available capacity, rose by 4 percentage points year-on-year.

As the market heads towards Q4, the constrained supply and increasing demand suggest that air cargo rates could climb sharply. This scenario emphasizes the importance for shippers and forwarders to strategize effectively to avoid potential disruptions and cost escalations during the peak season.

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ACA UK UE

Navigating New UK/EU Customs Regulations: Highlights from Multimodal 2024

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Multimodal 2024 set a new attendance record from June 11th to 13th, 2024, at Birmingham’s NEC, with visitors flocking to the event.

 

Key sessions focused on demystifying the evolving UK-EU customs regulations, a critical topic since Brexit. The introduction of the EU Carbon Border Adjustment Mechanism (CBAM) adds further complexity, requiring UK businesses to report greenhouse gas emissions for high-carbon imports.

Michael Boulanger and Anne Samson from RM Boulanger highlighted how UK exporters can turn CBAM challenges into opportunities. Discussions also covered the UK government’s ambitious target to grow rail freight by 75% by 2050. Maggie Simpson OBE, Director General for Rail Freight Group, led a panel that addressed the capacity and capabilities needed to meet this goal.

Over 140 speakers from renowned organizations like Unipart, Boohoo, Kingfisher PLC, and Amazon shared insights on sustainability, technology, and customs requirements. Event Director Robert Jervis praised the comprehensive speaker line-up for leaving no stone unturned in addressing industry challenges and opportunities.

Her Royal Highness The Princess Royal, Patron of Transaid, will visit the event on June 13th, emphasizing the importance of the logistics sector in international development. Multimodal 2024 has proven to be a pivotal event for industry professionals to connect and network.

If you have any queries, call us at +353 1 533 7772 or email us at [email protected]. Additionally, please visit our website, our facebook and Linkedin pages.

Demand ACA

Booming Middle Eastern Market: A Golden Opportunity for Brands

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Demand ACA

Understanding the Growing Demand and Strategic Entry Points

 

The Middle Eastern consumer market is booming, presenting a golden opportunity for UK brands to expand their reach. According to Aramex UK, the region is experiencing a significant surge in consumer demand, driven by a young, tech-savvy population with increasing disposable income. This growth is fueled by the region’s rapid digital transformation, robust e-commerce infrastructure, and favorable government policies.

UK brands, known for their quality and innovation, are well-positioned to capitalize on this market expansion. The Middle Eastern consumers’ growing appetite for premium products, especially in sectors like fashion, beauty, and technology, aligns perfectly with what UK companies offer.

Aramex UK emphasizes the importance of understanding local preferences and leveraging strategic partnerships to navigate the market successfully. With the right approach, UK brands can tap into this vibrant market, fostering international growth and strengthening their global presence. The Middle Eastern consumer boom is not just a trend but a long-term opportunity for UK businesses to flourish.

If you have any queries, call us at +353 1 533 7772 or email us at [email protected]. Additionally, please visit our website, our facebook and Linkedin pages.