Novel Technologies And Tech-Driven Solutions To Change The Face Of Air Freight Business

Technological advancements have changed the way people live, communicate, and transport. From robotics to automation, novel technologies have made their way into almost every sector across the globe and the logistic industry is not an exception.

The volumes sent by air freight have been increasing each year and the emergence of improved technologies have made the industry profitable and sustainable. According to Allied Market Research, the global air freight market is expected to reach $376.8 billion by 2027, registering a CAGR of 5.6% from 2020 to 2027. Significant growth of the e-commerce sector and a rise in demand for fast delivery services have boosted the growth of the market.

Recent market developments and impact of technological advancements:

Technological advancements have transformed the logistic industry in several ways. The advent of augmented reality, artificial intelligence (AI), big data, drones, and robotics are merely the beginning of the future of the air freight industry. In addition, the rapid launch of new solutions by the major organizations in the market has helped the customers to deliver their shipments as quickly as possible.

CEVA Logistics, a global logistic and supply chain company announced the launch of two novel solutions to its air freight offerings. The company’s SKYCAPACTY program would offer its customers access to international air cargo capacity. In addition, the company aims to offer custom transport for no-failure and time-critical shipments. Another major logistic company, DHL Express declared to launch a new cargo airline in Europe. DHL aims to address the strong volume growth and rising customer expectations for faster delivery of e-commerce orders with this launch. Such developments open new opportunities to meet customer demands and reduce the delivery time when the trend of e-commerce has surged over the last few years in European and Asian countries.

On the other hand, several technological trends are gaining popularity in the air freight industry. The demand for driverless vehicles and advancements in drone technology has opened new doors of opportunities for air freight forwarding. For instance, the development of autonomous air travel, unmanned cargo aerial vehicles, and Amazon’s aim for drone deliveries have disrupted the logistics industry and offered a glimpse of what the future could look like.

The air freight industry has been undergoing several changes, especially paper to digital transformation. The benefits of smart data sharing and the availability of apps and software for freight forwarders allow customers to track their packaging and keep complete track of their orders without the use of paper and printed materials. Moreover, it eliminates the possibility of human errors.

However, the regulations regarding air freight need to change and adapt with time. Technological innovations have the potential to make the air freight business smarter and more transparent and the shipping regulations would witness several changes in the coming years. In fact, the demand for air freight would skyrocket once the shipping regulations and state-of-the-art technologies go hand in hand.

Related Post