How to save money in sea freight Asia - Mexico?

The COVID-19 pandemic caused border and port closures around the world. For the logistics business it has been a severe problem since a lot of merchandise has accumulated at the departure points.

As a consequence, there was a shortage of containers that caused an increase in transport rates from Asia to Mexico.

It is estimated that from June 2020 to June 2021, the increase was 807%. Although it seems that operations will gradually resume, the lags are not going to allow us to see a drop in rates anytime soon.

Getulio Centanaro, product management director of Mexico and Central America at AP Moller-Maersk, details the magnitude of the decline that shipments suffered in 2020 as a result of the pandemic.

“More than 80% of world trade is highly dependent on container shipping. The coronavirus brought a brutal recession in trade, causing a chain reaction that bottomed out in April last year, with container movement contracting of more than 30% globally. Starting in May 2020, we began to see a recovery,” he describes.

In Yantian, China alone, there is a cumulative of more than 550,000 20-foot containers due to port restrictions derived from COVID-19.

After forced confinement in the first months of the pandemic, which sank the logistics market by 30%, demand began to activate.

Some companies fearful of the uncertainty caused by the situation caused by the virus temporarily closed or lowered their orders. When things started to improve in May, the need for logistics kicked in again.

As a consequence, the accumulated demand collapsed logistics mainly in China. The first element that explains the current freight costs is a sudden and strong increase in demand for shipments.

Another problem is that vessels for leasing are also scarce, so they also reach historic rates.

Companies should consider having a logistical and financial plan that makes sense to avoid taking unnecessary risks.



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