Freight forwarders and shippers are embracing a proactive approach to securing their supply chains by increasingly opting for long-term air cargo contracts. Recent market analysis reveals that contracts lasting more than six months now represent 54% of the market in the second quarter of 2024, up from 30% just a year ago.
This shift highlights the industry’s commitment to stability and foresight. By locking in rates for extended periods, businesses can better navigate the complexities of global supply chains, particularly in light of rising e-commerce demand and recent disruptions in ocean shipping. These longer-term partnerships ensure that companies can meet their logistics needs with greater confidence and consistency.
Moreover, this trend reflects a broader strategy to safeguard against potential risks such as geopolitical uncertainties, IT vulnerabilities, and natural disasters. By securing reliable air cargo solutions, businesses are enhancing the resilience of their supply chains, ensuring they remain agile and responsive to any challenges that may arise.
As the global trade landscape continues to evolve, the focus on building strong, long-term relationships in the air cargo sector is a positive step towards a more robust and resilient supply chain.
#ICTTMNews #BreakingNews #SupplyChainStrength #AirCargoPartnerships #LogisticsResilience #GlobalTradeGrowth #PositiveChange
