Scan Global starts the year by publishing its Advisory Market outlook for 2021. The Advisory market outlook for Air-, Ocean -, and Rail transport was written on behalf of Mads Drejer COO Air, Ocean & Rail for Scan Global Logistics. Read bellow what they have written about 2021 and view the in-depth description of the transport modes, link bellow.
Airfreight has to a large extent entered a new normal in comparison with the situation in most of 2020. Rate levels will remain elevated from a historic perspective as belly hold capacity is only increasing slowly. This situation is only expected to change when we enter the second half of 2021 were passenger flights are expected to resume to a significantly higher level.
Traditionally the coming period up to the Chinese New Year period implies a strong pressure on the capacity to ensure all volumes are lifted ahead of factories in China closing down. This is also expected this year, we do however foresee a stable operation where solutions can be found. The effects of the COVID-19 vaccine (COVAX) distribution have not hit the airline
markets yet, with many of the vaccines being produced in close proximity to distribution points. This is however expected to change once COVAX distribution goes truly global and multiple vaccines are in full use.
Ocean freight remains dire and borderline chaotic. Operational disruptions are apparent across all geographies with no immediate expectation that the situation will improve. What now remains to be seen is the mid and long-term effects, in particular when it comes to the trading relationship between carriers, customers, and forwarders. We foresee an increase in interest and demand for long-term agreements with the firm and secure mutual commitment in place with a lesser degree of speculation. The current level of supply chain disruption is unsustainable for all parties and this will drive a different behavior in the years to come.
For rail freight, the outlook mirrors ocean freight. Enjoy the following in-depth description of the transport modes or go directly to the traffic lights at the end where a number of updates have been made. https://www.scangl.com/media/2402/advisory-4.pdf
Source : https://www.scangl.com/news/market-outlook-advisory/
