The air cargo industry has benefited from sky-high demand in recent years. It has helped businesses respond to the e-commerce explosion caused by the pandemic, disruptions to ocean freight transit, and urgent delivery needs of PPE and other critical medical supplies.
Now, as the cost of container shipping comes back down and economic developments unfold, recent figures from the International Air Transport Association (IATA) indicate that the air cargo market has levelled off. The global volume of air freight, measured in cargo tonne-kilometres, fell 9.7% compared to July 2021, and at -3.5% compared to July 2019.
Meeting air cargo demand has not been easy, which will have undoubtedly contributed to today’s shift back to the ocean. But how will ports respond? Can they prevent repeat disruption? And, with the peak season ahead, what can airfreight forwarders and logistics providers do to better prepare for future spikes in demand and unlock new opportunities to increase profit?
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