Trade demand remains in the doldrums, with only seasonal items like patio furniture on the upswing, but DHL sees a chance of a rebound in second half of 2023.
There will no quick turnaround in demand, but the Global CEO for DHL Global Forwarding tells CNBC that many companies are betting on a rebound in their trade orders during the second half of the year.
A cargo aircraft in DHL livery passes near a FedEx livery plane parked at a FedEx regional hub, at Los Angeles International Airport in Los Angeles, California, September 16, 2022.Spring has sprung for U.S. imports, and the trade that is being exported from China is centered on the items you would expect to be selling even in a lower demand environment.
But Tim Scharwath, Global CEO for DHL Global Forwarding, said the overall import trade trend remains soft, and it will take time for volumes to come back as retailers are still trying to pare down their inventories.
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