Comment / Bears vs bulls in the automotive supply chain – until the wheels come off

ID 101834894 © Graham Bush | Dreamstime.com

“If there’s one vertical freight forwarders are keen to do business in, that is aerospace and defence (A&D), it requiring know-how and expertise where top dollar can be made. The automotive sector? It’s not so much in vogue these days, regardless of EV-related long-term trends.” 

Those were the remarks of a senior forwarder yesterday, who bluntly downplayed the short-term upside to Q3 24 earnings for major asset-light actors, despite consensus suggesting plenty of benefits (stemming from the Red Sea crisis) that ...