The Freight Market Disruption by Temu and Shein
Thursday, 22 February 2024, 08:00
Freight Rates Surge Due to Increased Shipping Volumes
According to recent data from industry experts, Shein and Temu are exporting up to 5,000 tons of goods each day. This significant increase in cargo volume is leading to congestion within the global air transport sector.
Impact on Logistics and Cost
- The rising shipments are causing freight rates to reach record high levels.
- The logistics industry is grappling with the challenges posed by these increasing demands.
- Supply chain disruptions are becoming more prevalent, affecting retailers globally.
In conclusion, the surge in shipping activity from Shein and Temu is reshaping the freight market and impacting global trade dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.