Consultants Mike King and Cathy Roberson conducted a survey for the new APAC Forwarding Index, indicating that airfreight volumes on major East-West trade lanes, are expected to continue to grow in the coming months, with only nine percent of respondents expecting lower volumes in August than in May across all APAC lanes.
“The three-month outlook for airfreight remains positive,” said Roberson. “Across all lanes over half of respondents expect volumes to be higher in August than now with optimism most obvious on the APAC-North America lane where 71.43% of respondents predict higher volumes in August than in May. The lane is expected to benefit from key electronic product launches in the coming months,” she explained. The new iPhone, which is already being distributed, is one example.
When comparing airfreight volumes for May and April, 52.3% of respondents reported growth; this was strongest on APC-Europe, Europe-APAC, APAC-North America and APA-Emerging Markets lanes.
Roberson considered: “Forwarders and other logistics stakeholders have struggled with low rates by air and ocean for an extended period. But there are signs that supply-demand equilibrium is returning to both markets and this should create new margin opportunities for those with a strong footprint in Asia.
“To what extent digital forwarders will win chunks of this expanding pie will be interesting to follow over the rest of 2017,” she concluded.
The APAC Forwarding Index will also include information pertaining to the seafreight market and is scheduled to be published this summer.
Ingrid brings with her many years of valuable industry knowledge and experience having worked for Courier Logistics as the customer services manager for the last 11 years and prior to that with TNT for 6 years,
“There are many aspects to International shipping which make the role that much more varied and interesting. Each day brings with it new challenges as we handle so many varying requests from our clients”.
“As an Independent Freight Forwarder, our challenge is to source the best solution for our clients. There are so many variants of service offered by the hauliers, airlines and shipping lines that quite often it can be overwhelming. Our job is to select the most appropriate carrier and it doesn’t always boil down to the cheapest option. Some clients shipping requirements can be quite demanding with deadlines for delivery being crucial. In addition other factors play a part such as the nature of the goods, the size and weight and of course the destination, all of which make selecting the right carrier a key decision”.
“We have to keep up with the ever changing Customs rules and regulations which ultimately forms part of the service we provide”. Ingrid
The British Chambers of Commerce (BCC), in partnership with DHL, has launched its Quarterly International Trade Outlook (QITO) for Q1 – January to March – 2017.
The QITO report is designed to give an insight into the confidence of British businesses that are trading internationally though the Trade Confidence Index. It also provides an indicator of ongoing international trade performance based on businesses’ export orders and sales figures. In addition, it aims to give businesses a better understanding of international opportunities, with a focus on dynamic new markets.
Overall, the findings of the latest QITO report show British businesses are continuing to see success from international trade despite political uncertainty. Businesses in both manufacturing and services are more confident that their turnover and profitability will increase in the coming 12 months. The volume of trade documentation issued by accredited Chambers of Commerce now stands at the second highest level since records began in 2004.
Research from international payments platform, WorldFirst, has revealed that more than 1.5 million of the UK’s small businesses are now involved in worldwide trading. Their estimates suggest the combined value of UK exporting now stands at £78 billion every month, with Western Europe remaining the most significant trading partner.
London was home to the highest percentage of exporters, followed by the East Midlands and Yorkshire & Humber. The UK’s top sectors for international trade were in medical and health, manufacturing, transportation and distribution.
Jonathan Quin, co-founder and CEO at WorldFirst, said: “our research shows that over 1.5 million SMEs are trading more than £78bn a month across international borders. This is a significant contribution to the UK economy.”
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“The three-month outlook for airfreight remains positive,” said Roberson. “Across all lanes over half of respondents expect volumes to be higher in August than now with optimism most obvious on the APAC-North America lane where 71.43% of respondents predict higher volumes in August than in May. The lane is expected to benefit from key electronic product launches in the coming months,” she explained. The new iPhone, which is already being distributed, is one example.
The QITO report is designed to give an insight into the confidence of British businesses that are trading internationally though the Trade Confidence Index. It also provides an indicator of ongoing international trade performance based on businesses’ export orders and sales figures. In addition, it aims to give businesses a better understanding of international opportunities, with a focus on dynamic new markets.
Research from international payments platform, WorldFirst, has revealed that more than 1.5 million of the UK’s small businesses are now involved in worldwide trading. Their estimates suggest the combined value of UK exporting now stands at £78 billion every month, with Western Europe remaining the most significant trading partner.