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Suppliers turning to air transport to speed up deliveries

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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 “

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Falling in love with stocks with Nick Quinn

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On this week’s episode of Talk Ya Book, Chris Judd is joined by Spatium Capital’s Nick Quinn to discuss the why investors fall in love with stocks, when to sell and why three of his choices are performing strongly.

Proudly presented by Honan.

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Bank battering sees mess start to clean up

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What will the future of the banking sector look like?

 
The once-mighty banking sector has taken a battering over the past month.

From two U.S. banks closing down, to one in Switzerland merging with its biggest rival, the sector has sent shockwaves throughout financial markets around the world.

And another European Bank could be following suit.

But, what will the future of the industry start to look like, once the mess has been cleaned up?

Founder and CEO of Umee, Brent Xu, joined us to discuss.

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Disney to axe 7,000 jobs

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The Mouse House will deliver two rounds of layoffs

Disney has announced it will begin to axe 7,000 jobs, as it seeks to control costs and create a more “streamlined” business.

Several major divisions of the company, including Disney Entertainment, Disney Parks, Experiences and Products, and corporate, will be impacted.

Disney will begin notifying the first group of employees who are impacted by the workforce reductions over the next few days.

A second, larger round of job cuts will happen in April, with several thousand more staff reductions.

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