Investors behind Vietnam’s first domestic cargo airline, IPP Air Cargo, have grounded operations before ever taking off.
“Expectations are that high consumer demand and low inventory levels will keep rates elevated well into next year,” says Peter Sand, chief analyst at Xeneta.
The stress levels of logistics managers and supply chain managers are at all high-time highs — and for good reason.
It costs $1.2 million to charter a cargo jet from Vietnam as air exports slow because of the government’s response to a wave of COVID infections.
Vietnam is the newest epicenter for supply chain chaos. Manufacturing and port activity have been cut by new COVID precautions.
Major e-commerce growth led DHL Express to change aircraft and routes in Southeast Asia for package delivery.