Sea Freight Dropped The Most Since The Pandemic
Sep 05, 2022
Recently, global inflation depressed demand, the decline in freight rates expanded, and the third quarter of the peak season in the market. Sluggish demand, inventory overhang, as the supply of goods decrease, the pressure of the container filling company caused the phenomenon of bargain snatching goods...
Recently, Walmart, America's largest retailer, said it had canceled billions of dollars in orders, and Target, another retail giant, reportedly canceled $1.5 billion in orders.
It is inventory levels that are in line with expected demand. Almost the entire retail industry has been busy destocking and slashing prices to dump goods in recent months. Destocking has also had a knock-on effect, with shipping prices falling sharply.
Recently, the domestic manufacturing factories' "order shortage" news is not uncommon most of the international environment is the same, the global economic recession has a particular impact on the manufacturing industry, and order decline is also reflected in Southeast Asia, South Asia, and other countries in order volume.
