Latam forwarders call on carriers to boost capacity so exports can flow
South American forwarders are becoming increasingly concerned about a looming ocean capacity crunch as the ...
By Sam Whelan
Vietnam’s exports have bounced back quickly after months of lockdown, boosting freight rates and leaving forwarders fighting for space.
Strict social distancing in South Vietnam ended in early October, but not before a 6.1% GDP contraction in Q3 and warnings from business leaders of lost orders and investments if restrictions weren’t lifted.
The garment sector, for example, suffered an 18.6% year-on-year drop in exports in September, after many factories had been forced to close.
The hit to production could have been significantly worse ...
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