Belgium-based Cargo B Airlines has ceased operations, effective immediately
The airline's board announced today that, due to the global recession, it had no choice but to take the difficult decision to stop operations
Cargo B was able to stay on target as far as the load factors were concerned, but as a result of the market situation, the yields were lower than required to make the operation viable
With no sign of any last-minute investor coming in to rescue the business, and with no improvement in the current economic climate foreseen in the near future, Cargo B's board was forced to shut the airline down just three months short of its second birthday
This is the second in a three-part article series analysing the first S&OP survey carried out by eft and Hughenden Consulting.
Georgia Logistics compiles a monthly set of facts and figures regarding the Logistics Markets. We selected a few facts to share with you :-
Zara’s and its parent company, Inditex, are perhaps the text book for how to do retail supply chain right.