Air freight market is usually impacted by boom in e-commerce, supply chain disruptions, and a dip in the frequency of passenger flights. Thus, there are very little chances of it being in a bright spot. Referring to global law firm Reed Smith’s recently released report, let’s see how the aviation industry landscape has been changing after two turbulent years and the challenges and opportunities lying in store for air freight companies in India and abroad.
The report titled ‘Global air freight’s future – The sky is the limit’ highlights the trends that are responsible for changing the shape of the air freight segment, including environmental considerations, new technology, the challenges of passenger-to-freighter conversions, changes in legal governance, new legislation, developments in electric vertical take-off and landing (eVTOL) aircraft.
Let’s take a look at the key takeaways from the report:
After the pandemic saw a downward trend in the growth of air passengers, the air freight industry has been able to achieve a brighter spot. This indicates that some of the pandemic-driven boon to air freight will continue and environmental trends will also continue working in favor of air freight by driving the need to manufacture more fuel-efficient freighters. For a lot has changed in the air freight industry over the last two years, it doesn’t seem too viable to predict the future. If we succeed in identifying where and how we should be putting all our attention and resources, we would be in a better place to support our clients in the industry.
The key takeaways from the report would prove to be extremely beneficial for the industry participants by providing them with the insights on the current key dynamics that are constantly driving the changes in the air freight industry so that they are able to leverage them for their own benefits.
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