The booming Nordics market shows enormous potential for CEVA Logistics air operations.
Airfreight is a fast-moving, challenging and constantly changing business. The last year and a half have been a perfect illustration. Capacity and demand can change in the blink of an eye.
But it's also a booming industry, driven on the one hand by the rising e-commerce industry and on the other hand by the relocation of manufacturing to ASEAN countries.
A recent study by Insight Partners reported the global air cargo market size was valued at US$ 109.4 billion in 2019, is projected to reach US$ 145.2 billion by 2027 and is expected to grow at a CAGR of 4.1% during the forecast period 2020–2027.
Our airfreight team in the Nordics continues to strengthen its position to meet the growing market potential. In terms of airfreight, China and the USA are the most prominent destinations from the Nordics. Year on year, we have seen our export volumes to China grow by over 100%. This development is mainly linked to the industrial segment, but we also see strong demand from the consumer & retail and healthcare industries.
Our teams of experienced and skilled experts in airfreight ensure fast and reliable solutions in all circumstances. At the peak of the COVID-19 crisis, CEVA Logistics guaranteed uplift while maintaining a very competitive price. Our teams are agile and committed to finding alternative solutions and routings in times of limited capacity in the market. This approach has been our key differentiator during these difficult times when global travel has been on hold. CEVA Logistics is growing in the Nordics and looking for talented and experienced people to enrich and expand the team.
We have developed air cargo solutions to answer the specific needs of our customer base in the Nordics, whatever the business sector or cargo size.
One of CEVA Logistics services recently implemented is regular linehaul connections from the Nordics to Amsterdam Schiphol, one of our three European gateways. We offer highly competitive rates with guaranteed uplift and can broaden through the SKYCPACITITY program.
Global airfreight capacity is constantly changing, and securing air freight space and managing air freight costs can be difficult, especially during high seasonality weeks. To better support our customers, we offer SKYCAPACITY Programme, a dedicated programme giving customers the ability to secure their air cargo capacity and book directly with CEVA Logistics.
CEVA Logistics' new Time Critical Solution is ideal for clients in healthcare, automotive, aerospace or manufacturing environments, where specific parts or products are needed in emergency or short-timeframe situations. The new solution offers the reliability and security required for emergency and rush shipments with priority placements given to ensure a 100 percent on-time shipment with the fastest routing possible. The service also includes full insurance and customs clearance, providing the quickest possible transit times.
In addition to the above products, CEVA Logistics offers a wide range of value-added services to its customer base in the Nordics. We provide timely and compliant Customs Brokerage services that will seamlessly integrate with import shipments. Our customers can also benefit from storage and consulting.