An opportunity in Asia – Air Cargo Week
The increasing demand in China, across the Asia and Pacific region (APAC), due to the powerful industrialization base and the growing consumer market, provides increasing opportunities for the aviation industry.
After she started with a office in Hong Kong, Air Charter Service (ACS) added Beijing and Shanghai, where she fulfills the increasing demand by taking advantage of local ideas.
“The presence of ACS has long been in the main APAC centers is very important to maintain strength amid an increasing competition from competitors,” Joseph Tam, the regional shipping director at ACS – Greater China. “Our knowledge of the deep market, its strong relationships, and the reliability reputation allows us to provide exceptional solutions.
“The strong presence on the ground in the APAC region is very important to respond to ACS immediately and effectively for any disturbances or challenges, such as geopolitical tensions, natural disasters or market attacks,” completely continued.
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E -commerce expansion
When looking at the sizes of goods in Asia, one sector is waving in e -commerce. From 2016 to 2021, e -commerce sales grew five times annually. In 2022, e -commerce transactions in Southeast Asia increased to nearly $ 100 billion. These numbers are set only to grow in the coming years.
Throughout 2023, the Charter rates in the Asia Pacific region began at their lowest levels in the first quarter, then increased steadily due to the demand for the shipment of e -commerce from China, as it reached its peak in the fourth quarter.
ACS expects a similar trend in 2024, as the charter rates are affected by the volumes of e-commerce charging from China, unless there is a noticeable improvement in the volume of public charging-which is weak last year due to the global economic situation.
Transport companies have higher rates of rates due to the levels seen in the fourth quarter 2023 and the situation in the Red Sea, but in the end, ACS believes that the rates will be in line with the demand in the market.
“The e -commerce market, especially from China, had a significant impact on the charter sector,” has been clear.
“Due to the weakening of the general demand for goods, the market is dominated by a few of the large e -commerce players stationed in China. They have the sizes of large shipments for these companies a great impact on market prices and demand in the charter industry.
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A new strategy?
Increased costs of employment, geopolitical tensions and the restrictions that lasted for a longer period than many other Asian countries, have witnessed that the logistical sector adopts the phrase “China is one plus”.
Looking to reduce the risk of the supply chain in the future, manufacturers, retail dealers, logistical service providers and cargo tankers all turn to other Asian countries, which reduces their dependence on China.
Places such as Malaysia and Vietnam have emerged as alternatives to some, while ACS looked at opportunities in Singapore and Thailand, and all countries with strong infrastructure and expand the shipping industries.
The “China Plus One” strategy has prompted the adoption of a more flexible approach in the APAC region. “We extend to Southeast Asia with our latest offices in Singapore and Bangkok to meet business, not only from China, but also from emerging markets in the region, while adapting to manufacturing seizures.
“Although Hong Kong by Singapore has been overlooked in the world’s economic freedom index, it is still a high -level site for freedom of trade and organization, and thus a decisive office for ACS in the Far East,” completely continued. “We also promote our presence in Singapore and other vital Southeast Asia markets, such as Bangkok, to maintain our competition and adapt to business environment changes.”
