Update Market Asia to North America

Update Market – Asia to North America

The global supply chain remains fragile and the incident in the Suez Canal is starting to have ripple effects across the industry. The Transpacific ocean market to Canada will see 12 blank sailings in the month of April. These blank sailings are mainly due to a lack of vessels returning to Asia due to port congestion across North American terminals.

This lack of capacity on the ocean market and the incident in the Suez Canal is compounded by soaring demand for goods/products across USA mainly due to government stimulus and disposable income flowing away from services.

These events created a sharp rise in demand for air freight capacity from Asia to North America. This surge has led to drastic increases in rates and created backlogs in most gateways in Asia.

OEC’s partnerships with ocean and air carriers will allow us to mitigate some of these disruptions to your supply chains.