We can draw on the experiences during the four downturns Let us compare these 4 very relevant examples to the current situation. From the peak in January 2022 to the first week of April 2023 a total of 60 weeks has elapsed. As can be seen, the 4 previous sustained downturns in the industry took between 59-71 weeks with an average duration of 66 weeks. In all 4 previous cases the bottom was largely determined by carriers pulling capacity out of the market to stop the decline – a sustained increase in supply/demand fundamentals only came afterwards. Thus, if the market behavior over the past 25 years is anything to go by, it is likely that the bottom of the market will be reached within the next 6 weeks if the average is followed and in worst case in 11 weeks from now. Incidentally this timeline would coincide with the incoming peak season 2023, making this prediction of the timing of the bottom even more likely. DSV – Global Transport & Logistics At DSV, we keep supply chains flowing in a world of change. We provide and manage supply chain solutions for thousands of companies every day – from the small family-run business to the large global corporation. Our reach is global, yet our presence is local and close to our customers. More than 75,000 employees in over 80 countries work passionately to deliver great customer experiences and high-quality services. We aspire to lead the way towards a more sustainable future for our industry and are committed to trading on nature’s terms. DSV is a dynamic organisation that fosters inclusivity and diversity. We conduct our business with integrity, respecting different cultures and the dignity and rights of individuals.
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