August 2023
After two exceptional years, our industry has entered a phase of normalization due to the slowdown in global growth, inflation and a destocking phenomenon that is continuing in many parts of the world.”
OUTLOOK
There is now little doubt that we won’t be seeing a traditional ‘peak season’ this year. At best, there will be a moderate uptick in volumes to Europe and the US. They will likely be closer to the Holiday season should retailers start to feel more confident about holiday sales.
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