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The drop in demand in the air freight industry.

In this post we have discussed the air freight industry trends in the peak season with special reference to the drop in demand.<br><br>https://www.globalialogisticsnetwork.com/blog/2022/10/25/explaining-the-drop-in-demand-in-the-air-freight-industry/<br>

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The drop in demand in the air freight industry.

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  1. DROP IN DEMAND IN THE AIR FREIGHT INDUSTRY ● Dealing with multiple hitches such as grounded planes, trimmed routes, and a decline in demand. ● Air freight companies are foreseeing a muted fourth quarter of 2022 because of several factors. ● Some of these factors are the disrupted supply chain, global economic slowing, the risk of a global recession, high fuel costs, and the ongoing war.

  2. IATA FORECASTED THE FALL IN DEMAND ● The long-term effects of the Omicron in Asia as well as the war in Ukraine are two factors that are driving the fall in demand. ● The war has resulted in increased fuel prices, created supply chain disruptions, and resulted in inflation. ● Air cargo operators based in Russia and Ukraine that were key cargo players suffered a huge blow because of the war.

  3. FACTORS TAKEN PLACE IN INDUSTRY ● The drop in demand for air cargo ● The decrease in cargo volumes ● The slowing down of the activities of the multinationals

  4. FUTURE ASPECTS ● Companies like IPP Air Cargo based in Vietnam and Quikjet based in India are about to start their operations by the end of 2022. ● It remains to be seen how the industry fares when faced with issues like a continuous rise in fuel prices and limited purchasing power of the end customers because of inflation. ● These are two factors that can put a cap on the profitability of the air cargo sector.

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