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China returns to full throttle

[ March 27, 2020   //   ]

Hong Kong-based freight forwarder and logistics group U-Freight says its operations around the world are working “as normally as possible” given the circumstances. And it is seeking innovative solutions to overcome the challenges of managing supply chains hit by the virus.

Whilst there have been air capacity reductions, freighter and passenger airline capacity is adjusting to the new market reality.

On a positive note, China is likely to get close to full production by the end of March. It is also seeing an increased number of freighter flights in the market, which are helping ease the outbound China capacity strain. However it notes that demand for products made in China will be affected by events in countries that source from the People’s Republic.

In ocean freight, the biggest current impact is on space and container availability throughout the world, with shortages of containers and special equipment, with carriers imposing peak season surcharges.

U-Freight Group chief executive, Simon Wong says: “All our global offices are acting in accordance with advice being provided by their respective local authorities, with an increasing number of staff operating from home within the scope of our business continuity plans. They continue to answer calls and emails, and are arranging shipments in accordance with the latest market conditions.”

 

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