Commentary: Intra-Asia Trade Waving Economic Distress Flag
It may feel like volumes have begun to pick back up over the last couple weeks, but according to industry experts, we are a long way away from reaching 2019 numbers. China, Vietnam, India, Malaysia, and Bangladesh make up the region that is responsible for the world's manufacturing and apparel industries. The volume of containers moving along the intra-Asia trade lane will tell you the strength of the world's consumer. More volume means more demand for products, less volume means less demand. Based on year-over-year growth, we have had a 4 million twenty-foot equivalent units (TEU) volume plunge. This shows the hardship that the world is still facing that will translate into fewer containers being exported out of China to the United States and around the world. Check out the full article here .