The latest trends in technology are driving air cargo industry to make changes rapidly like never before. From Internet of Things (IoT) to Artificial Intelligence (AI), the air cargo supply chain is getting smarter with digital technologies. Venkatesh Pazhyanur forecasts the technology trends that will define air cargo in the future.
The rise of information technology and the advent of digitisation have disrupted all businesses across the world. The cargo industry is no exception to this. Customers, regardless of the business they are dealing with, expect brands to be up to date with regard to the technology that they use. With this backdrop in mind, warehouses will embrace digital transformation and airlines and global distributors will revisit their strategies for revenue optimisation. It would be safe to forecast that in the coming years, these changes will materialise, forever transforming the way the cargo industry operates. Here are some examples of how disruptive technology will drive change in the industry.
Smart warehouses will become a reality
The last few years have witnessed a drastic change of global product flows with regard to markets, freight size and transportation lead times. A major factor responsible for this is the proliferation of e-commerce. For instance, instead of one master shipment of 100 packages to a distribution center, 100 individual shipments of one package each will need to be shipped directly to customers. Furthermore, these shipments are not limited to local markets; customers in a much larger geographical area are being served in this new age.
This story is from the January 2018 edition of The STAT Trade Times.
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This story is from the January 2018 edition of The STAT Trade Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
AVIATION INDUSTRY: FUELING THE FUTURE WITH SUSTAINABILITY
Following rising concerns about climate change and the urgent need to reduce greenhouse gas emissions, the aviation industry is building a well-established strategy for sustainability. Thanks to technological advancements, innovative practices, and a strong commitment to environmental stewardship, sustainable aviation is emerging as the path to a greener future.
WHO IS CHANGING THE GAME FOR AIR CARGO?
Up until five years ago, the air cargo industry was considered less digitally mature than other sectors marked by rigid legacy systems. But with the onset of Industry 4.0, innovation is on every business manager’s agenda and exciting changes are transforming this industry. Also, as consumer habits change and customer expectations grow, clients demand end-to-end visibility of their delivery. With emerging technologies like Blockchain, Artificial Intelligence and IATA’s initiatives One Record and Interactive Cargo, technology is definitely making changes to efficiency.
TRADE WAR ADDS CANADIAN FLAVOUR INTO CHINESE CUISINE
The surging lobster business in Canada built on the trade war between the US and China shows the capability of Nova Scotia in addressing the supply chain issues of stakeholders, at a time when China demanded more lobster than the province exported earlier. By exporting around 22 tonnes from January-October 2019, one of the three maritime provinces of Canada is confident to face the aftermath if trade war ends, by foraying into new markets.
Raising The Stakes On Perishable Logistics
When dealing with fresh produce and other food items intended for human consumption, there is no wiggle room when it comes to freshness and quality. For the food to reach one’s plate, there is a lot that happens along the way – this includes harvesting crops at the right time, maintaining proper temperatures, and of course, on-time delivery from farm to fork. As consumption patterns change, regulations vary, customer expectations rise, industry players are converging to create a seamless supply chain.
Connecting Intelligently For Cargo Mobility
The air freight industry, which has remained traditional in its processes and business models for a very long time has seen a perceptible shift on the back of advances both in operation and information technology in the last few years. For the industry to work more efficiently, the supply chain needs to generate a constant stream of data that can be collected, analysed and used to optimise productivity.
Benelux Building Capacity Through Infrastructure Additions
The Benelux (Belgium, Netherlands, Luxembourg) region has witnessed infrastructure growth, adding sheen to its traditional image as the main logistics gateway to Europe. Even as global cues suggest a slowdown, the air cargo community in the region remains optimistic of growth.
Flirting With Cargo Drones Ready To Deliver
Drones are the new frontier in the digital revolution. Drone deliveries are creating a new customer experience in the logistics sector that opens up even more opportunities for sustainable growth and greater economic contribution. The technology is flexible enough in its implementation, to be scaled up or down to fit the required application.
Why Is Everyone Afraid To Share Data? GPLS Finds
At the third Global Pharma Logistics Summit (GPLS) 2019, panelists discussed technological advancements, creation of data, the existence of trust deficit in sharing data, need for educating and building a skilled workforce for better handling of pharma cargo.
Stage Set For Air Cargo Africa 2017
The countdown begins for ‘Air Cargo Africa 2017’ that will see the global air cargo community come together to interact with industry stalwarts and discuss the challenges concerning the industry and future of the sector. not only this, the highlight of the event remains the commodity specific conferences that will provide an equal opportunity for high yield shippers/ exporters, key policymakers and other stakeholders in the supply chain to deliberate on the opportunities and challenges that arise in the shipping of perishables, humanitarian aid, pharmaceuticals and automobiles.
Supplying Flowers With Care
The flowers in your living room may have crossed thousands of miles before reaching the vase and they smell as fresh as just being harvested. The credit goes to the logistics “cold chain” that is ensuring quick and efficient transportation to preserve the freshness of flowers.
