White Papers Logistics market outlook for the 1Q of 2024

The global supply chain is facing a crisis due to the drought in the Panama Canal and the Red Sea incident that has continued since 2023. Consumer sentiment is shrinking due to the global economic slowdown and geopolitical instability. For the ocean freight market, a modest rebound in container trade and oversupply due to record deliveries will make spot rates remain volatile and stressful in 2024. For the air freight market, at the end of the year, the increase in consumer spending in the United States has contributed to the growth in demand for airfreight cargo, and by 2023, global airfreight supply and demand have recovered to the levels of 2019.

This white paper delves into the logistics market in 2023 with various indicators and forecasts the market for the 1Q of 2024 based on predictions from major organizations in the ocean and air sectors.

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White Papers Logistics market outlook for the 1Q of 2024

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