Reported 12 months ago
Following the online shopping craze sparked by Chinese e-commerce platforms Temu and Shein in Europe and America, the surge in shipments from factories in southern China has driven up air freight prices, raising concerns among experts about the difficulty of securing cargo aircraft space during the year-end shopping season and the projected skyrocketing transport prices. Companies like Xeneta and DHL have observed a significant shift in the air freight market due to the popularity of Chinese e-commerce platforms, with a notable increase in the quantity of low-priced goods being transported by cargo planes from Asia to Europe and America, as opposed to high-value items like smartphones and laptops. The increase in cargo volume has led to a considerable hike in air transport prices, posing challenges for retailers and manufacturers aiming to secure air transport services during the peak shopping season.
Source: YAHOO