Global cargo space has declined as COVID-19 concerns disrupt supply chains:
“Airfreight volume fell 1.9% year-over-year (YoY) in February — the 15th straight month of declining volume, according to the latest numbers from the International Air Transport Association (IATA). In seasonally adjusted terms, demand fell by 9.1% month-over-month, which IATA called “‘the largest ever monthly decline for that series?.’ February 2019 cargo volume was also relatively weak, which helps to explain the relatively small YoY decrease.”
P.S. Disrupted supply chains can disrupt your Walmart supplier business. If you need guidance, 8th & Walton can help. Get in touch with us today to schedule an appointment.