The inventory levels of major retailers could see the airfreight peak towards the third quarter be a little “muted”, but consistently busy for the coming months.
US retailers reporting first quarter financial results noted that their inventory levels were down – and that they had been forced to significantly increase costs by using airfreight.
“We expect to abate that in the second half,” he added. “We’ll be getting both higher inventory levels and less airfreight.”
Much inventory has been stuck at sea, necessitating the use of airfreight, while retailers have also been wary of supply chain disruption. And as China re-opens, prices are expected to begin to rise over the next month.