The International Air Transport Association (IATA) released data for global air cargo markets showing slower growth in November 2021. Despite economic conditions remaining favourable for the sector, supply chain disruptions and capacity constraints impacted demand.
As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, all comparisons below are to November 2019, which followed a normal demand pattern.
“Air cargo growth was halved in November compared to October because of supply chain disruptions. All economic indicators pointed towards continued strong demand, but the pressures of labour shortages and constraints across the logistics system unexpectedly resulted in lost growth opportunities. Manufacturers, for example, were unable to get vital goods to where they were needed, including PPE. Governments must act quickly to relieve pressure on global supply chains before it permanently dents the shape of the economic recovery from COVID-19,” said Willie Walsh, IATA’s Director-General.
View the Air Cargo Market Analysis for November 2021
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