The freight charges for shipping cargoes via air from Vietnam to Canada are anticipated to surge by the end of 2023. Several factors contribute to this expected increase in air freight costs, influencing the logistics and transportation industry on this route.

One significant factor driving the rise in air freight rates is the continued global economic recovery, particularly in the wake of the pandemic. As international trade rebounds, there is a heightened demand for air cargo services due to their speed and efficiency, resulting in increased competition for limited cargo space on flights.

Moreover, fluctuations in fuel prices, operational costs, and supply chain disruptions play pivotal roles in the adjustments of air freight rates. Airlines often recalibrate their pricing models to account for these variables, impacting the overall cost of shipping cargoes.

Additionally, changes in regulations, trade policies, or geopolitical tensions between nations can also influence freight costs. Any alterations in trade agreements or market dynamics between Vietnam and Canada might contribute to adjustments in shipping tariffs and fees.

Businesses involved in importing/exporting goods between Vietnam and Canada should anticipate these impending cost escalations and adapt their logistical strategies accordingly. Forecasting and preparing for higher freight charges will be crucial for businesses to maintain cost-effectiveness and manage their supply chain expenses in the evolving global market scenario.