Cross-border e-commerce is growing rapidly around the Asian region. In China alone, more than 15 percent of the population was expected to make overseas purchases worth US$87.76 billion in 2016, according to the first-ever estimates of the consumer trend by eMarketer, a global market research firm. By 2020, more than a quarter of the Chinese population will be shopping digitally for foreign products. Following in China’s footsteps, total revenues from B2C e-commerce in the six … [Read more...] about Kerry Logistics rides on e-commerce boom in China, ASEAN
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SriLankan Airlines: Searching for serendipity
The Sri Lankan government’s recent request for Expressions of Interests (EOI) from third parties interested in forming a strategic partnership with its loss-making carriers Sri Lankan Airlines and/or Mihin Lanka, for a badly needed restructuring, solicited only a handful of proposals. The deadline for submissions is 24 August with a decision due by late September. The advertisement itself was a curious understatement, titled as it was an, “invitation for expression of interest for the … [Read more...] about SriLankan Airlines: Searching for serendipity
Finnair Cargo riding high on its A350-XWBs
Currently cargo is around 17 per cent of Finnair’s revenues and it’s a part of the airline’s strategic plan of increase that figure, although maybe not to the same levels as some Asian carriers enjoy. One of the biggest prompts for this is the nineteen A350-900s set to join the Helsinki-headquartered carrier’s fleet. Four have already arrived and will be followed by seven this year and eight next. Finnair was the European launch customer for this aircraft and plans for them to go on its Asian … [Read more...] about Finnair Cargo riding high on its A350-XWBs
Lufthansa Cargo charts new course around the turbulence
The most critical success factor in this latest move by Europe’s largest cargo carrier is “mindset”, Michael Goentgens, director of communications for Lufthansa Cargo told Payload Asia. “We will not act as competitors anymore on the routes between HK and Europe but as one team with joint sales approaches to the market. “We will coordinate our activities very closely and this is a major change compared to rather loose alliances (such as WOW in the past),” he added. This latest tie-up with … [Read more...] about Lufthansa Cargo charts new course around the turbulence
Tough 2015 for forwarders, but possible 2016 recovery
With a “meagre” 2.0 per cent growth in cargo volumes globally in 2015, year-onyear and a precipitous 15 per cent slide in yields, the top 20 “elite group” of freight forwarders lost market share in this environment. But a recent report from HSBC suggests global trade should recover in 2016 as demand from developed economies picks up. By Donald Urquhart. Read More … [Read more...] about Tough 2015 for forwarders, but possible 2016 recovery
Fears of “economic shock” from China contagion
Supply chain industry executives see a slowing China and fluctuating oil prices as the top threats to emerging markets growth in 2016 and are bracing for more volatility in the global economy, according to the the annual Agility Emerging Markets Logistics Index 2016. Read More … [Read more...] about Fears of “economic shock” from China contagion
