By Jennifer Chang      Photo：Edgars Kisuro

In the past, the 4th quarter of each year is the peak season for cargo, but this year it seems that the peak season is no longer in full swing. So far, it is hard to find signs of a peak season in the air freight market. On the contrary, freight rates continue to decline due to the slowdown in demand and the increase in air freight capacity, so I'm afraid it's hard to make the market boom again. In order to alleviate the problem of high inventory around, including NIKE, Adidas trying to use the end of the Christmas sales season to consume inventory. North American retailers are currently emptying their inventories by discounting in order to restock. This move is expected to drive demand for freight later in the season, which in turn will generate a corresponding price spike. The air cargo market is not as strong as it should be, with cargo volumes declining in the Asia Pacific region. At a recent air cargo forum, airline executives and freight forwarders said they do not expect a peak season or the traditional pre-spring surge in Chinese cargo volumes. Analysts share the same view.

Decrease consumption in major markets due to Inflation remains high in Europe and U.S. and layoffs continue in the technology sector . At present, the world's second largest garment exporting country Bangladesh warehouse of clothing piled up, and this garment high inventory dilemma, fear spread to China, the European Union, Vietnam, Turkey and other major garment manufacturing exporting countries, the outside world predicted that the end of the brand manufacturers will launch promotions to go to the inventory to resolve the crisis. The world's largest garment exporter is still China, with exports amounting to US$141.6 billion, accounting for 31.6% of the global garment trade. Among the 10 ASEAN countries, in addition to Vietnam, Malaysia, Indonesia, Cambodia, Myanmar and Thailand are also among the top 15 countries. Taiwan's garment industry is in the latter class, ranking 35th in the world. Except for the domestic market, most of the export-oriented garment factories make use of excellent and competitively priced yarns to deliver small quantities, complex styles or short lead-time orders to Taiwan for production. 

The top 3 markets for global apparel products and major importers are the European Union, the United States and Japan, with combined imports of $195.2 billion, accounting for 39.7% of global apparel imports, and having a key influence in their industries, but these countries are in an economic quagmire. Especially in Europe and the United States, rumors of corporate layoffs continue, and consumers in major markets are beginning to cut back on spending, causing piles of clothing to accumulate in warehouses in Bangladesh, a garment exporting country. Everything is rising, clothing budgets are being squeezed, and consumers are buying less, which is the main reason why brands and importers are cancelling orders. It is worth noting that according to the World Trade Organization report, the high inventory problem in Bangladesh garment manufacturing is expected to occur in China, the European Union, Vietnam, Turkey, Malaysia, Indonesia, Cambodia, Myanmar and Thailand, and other garment manufacturing exporting countries. The related textile products may also be affected.

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