Airfreight supply risk from disruptions to airport operations in China
First written in FY2022-Q2. 1 of 2 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2023-Q1.
Nippon Yusen moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 10 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2023-Q1MaterialisedAnnual report
「In the air transportation business, cargo movements slowed somewhat due to the impact of lockdowns and other measures in China. Available capacity and cargo loads fell below the initial plan due to substantial suspensions on Shanghai routes and reduced flights on European routes against the backdrop of the Russia-Ukraine situation.」
China's lockdowns resulted in slower air cargo movements, while suspensions on Shanghai routes and other factors caused available capacity and cargo loads to fall below plan. - FY2022-Q2First statedAnnual report
「In the air cargo handling business, supply and demand tightened due to reduced available capacity resulting from the continued reduction or suspension of international passenger flights amid the impact of COVID-19, as well as disruptions to airport operations in China during the second quarter.」
Actual disruptions to airport operations in China occurred and were cited as a factor tightening air cargo supply and demand.