Money

Suppliers turning to air transport to speed up deliveries

Fresh data from the International Air Transport Association shows air cargo was up 9 per cent in September as more suppliers look towards air transport

More suppliers are turning to air transport for speed, but severe capacity constraints continue to limit the ability of air cargo to absorb the extra demand.

The latest results show that demand across the sector is continuing to soar well above pre-pandemic levels and capacity constraints are still a big issue.

Global demand for air freight has increased by over 9 percent when compared with September 2019 levels.

This is difficult when capacity is 8-point-nine percent below what it was before Covid-19 brought much of the world to a grinding halt.

The report says that ongoing issues with shipping disruptions are leading to slower delivery times, and as such, companies are reaching for air transport to get products delivered quickly.

Meanwhile, when comparing the cost of air cargo to container shipping the average price to move air cargo was 12.5 times more expensive than sea shipping pre-Covid and is now only three times more expensive.

The organisation’s Director General says “if not addressed, bottlenecks in the supply chain will slow the economic recovery from COVID-19 and governments must act to relieve pressure “

Up next
Media accountability and Trump’s political fallout put journalism under scrutiny

Media credibility and changing audience interests are putting journalism under the spotlight.

Read the story →
Ticker Today takes a daily view of the world of news, politics and business.With Ahron YoungWhisky & Suits explores law, property finance and business over fine whisky.With Imran Khan and Chris ChristofiThe Founders Method explores practical lessons and systems for entrepreneursWith Jonathan Byrt and Jesse LeeworthyThe Connector explores property and urban growth across Australia and the UK.With Belinda CoateThe Property Playbook delivers research-led insights for property investors.With Tim Graham and Terry RyderState of Hospitality explores the challenges facing Australia's hospitality.With Jeremy KoadlowBuying Power helps young professionals enter property and build lasting wealth.With Victor and Reshmi KumarThe Airport Economist explores global trade, business and economic outlooks.With Tim HarcourtMedia Movers explores the trends shaping Australia's media and global news.With James ManningBroker Business explores strategies to build, grow and sustain a business.With Rex AfrasiabiMoney Matters explores practical financial strategies to build lasting wealth.With Dr Steven EnticottBeyond Education explores the ideas and technology shaping future learning.With Greg CampitelliTicker Air explores the latest aviation news, travel trends and developments.With Ahron YoungEarly Years Dialogue explores the issues shaping Australia's early learning.With Paul MondoMarkets and Machines explores AI, regulation and trends shaping the markets.With Chris BergSocial Intelligence explores how social media and AI transform our daily lives.With Dr Karen SutherlandThe AI Edge explores how artificial intelligence reshapes the world economy.With Brad Gastwirth

More from Ticker

Watch

More in Money

View all →