Recession or temporary downturn? DB Schenker COO leans toward the latter

”As long as employment is there, I don’t think consumption will collapse,” says DB Schenker’s Air & Ocean chief in an interview with ShippingWatch about US demand, spotting positive signs in the global economy and expecting a dive in demand rather than a recession.
"World markets keep staying dynamic. Demand is developing differently, depending on the industry and geography at focus," says Thorsten Meincke, COO of Air & Ocean at DB Schenker. | Photo: DB Schenker
"World markets keep staying dynamic. Demand is developing differently, depending on the industry and geography at focus," says Thorsten Meincke, COO of Air & Ocean at DB Schenker. | Photo: DB Schenker

Retail trade is having a difficult time at the moment following the large consumption wave during the Covid-19 pandemic the past couple of years.

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