Trade has long been a driving force of economic growth. New production systems, integration of global value chains and trends toward reliance on just-in-time delivery systems mean that more than ever, trade needs to be faster and more reliable. This calls for increasing the quantity...
Effective management of cross-border trade is critical in a fast-moving world today. The rise of e-commerce has posed a bigger opportunity for the industry to evolve and thrive sustainably. However, the conventional challenges, such as lack of transparency leading to cargo theft and data theft,...
Artificial Intelligence (AI) is no longer a novelty to the world. For long, the world did hear about innovations that made strides on an industry level. However, the larger impact was felt with the recent advent of OpenAI’s ChatGPT. Every industry is now widely utilizing...
The Maritime industry lives in world of hardcopy – PDF, email, documents and physical signatures. For single shipment to move from source to destination it takes more than 40 documents, 150 copies and 200+ signatures. In the world of maritime trade, businesses have long struggled with issues like...
By the end of December 2022, cargo volumes transported through air cargo stood at 60 million metric tonnes worldwide, which when compared to 2004 level stood at 40.9 million metric tonnes. This is a 60 per cent growth in two decades. And for 2023, already...
According to a recent study, nearly 75 per cent of shippers cite visibility as a primary concern while the industry is in the verge of recovery from the pandemic shock. Before the pandemic, visibility was a major concern for airports and the same was termed...
The COVID times got the spotlight on cargo for delivering critical shipments. Cargo growth has proven to be resilient in comparison with passenger traffic. This has been the turning point for most airports to define their cargo strategy. Additionally, air cargo generates significant economic value...
In today's modern era, the emphasis on green ideas and climate risk awareness is prevalent in businesses and our personal lives. Sustainable Logistics is a proactive approach towards reducing the environmental impact of logistics; prominent industry events this year bring this agenda item to action. IATA...
The air cargo industry has now reached a stage where technology adoption is gradually becoming inevitable. According to a study, 1/3rd of the air freight industry worldwide has chosen to go digital since the pandemic outbreak. Of this, the majority have set a digital infrastructure during...
According to 60 per cent of business leaders, there needs to be more transparency between finance/commercials and procurement functions. Taking a closer look, this lack of transparency often reflects in identifying competitive prices for cargo space booking. Reportedly, this leads to delays, increased costs, and...
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