Alibaba.com B2B Pulse: March 27th, 2024
In this episode of B2B Breakthrough, host Sharon Gai is joined by Yikun Shao, the Head of Supply Chain for B2B North America at the Alibaba Group, to share the challenges business owners experience in cross-border trade, his role in connecting global business buyers and suppliers, and Alibaba.com 's logistic services that can help support buyers in their purchasing journeys.
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Freight Market Update
Freight carriers face growing challenges worldwide. In Europe, rates from Asia have continued to decrease, albeit to levels that are much higher than they were before the Red Sea crisis. Prices from Asia to both coasts of the United States have also declined, with North American West Coast rates are now around 24% lower than their peak in February, and those to the North America East Coast have seen a 30% reduction from their late January highs. However, we expect to see significant changes as the market reacts to the collapse of the Francis Scott Key Bridge in the key East Coast port city of Baltimore.
On the other hand, air freight rates from China to North America have increased weekly by 50%, and by 32% to Northern Europe. This indicates a notable rise in demand as volumes increase in the post-Lunar New Year period and shippers continue to prefer air routes due to the uncertainty of the ocean freight market.
Visit the Alibaba.com Logistics Marketplace before you make your next bulk purchase to explore options that guarantee competitive pricing, full visibility, and easily-accessible customer support.
Global product supplier, providing high-quality China goods for all +8618516689820 (WeChat /WhatsApp).
7 个月I'm Frank, and now I'm engaged in international supply chain management. please feel free to contact me or just make friends with me. My what app: +86 18516689820 (wechat / WhatsApp) Email: [email protected]
Account Manager, Samsung Account at Hewlett Packard Enterprise
8 个月Very smart and insightful!!!