January 29, 2019 | By Jessica Harper

Air Cargo World Announces Top 5 Airfreight Trends for 2019

Air Cargo World has rounded up what they predict to be the top 5 airfreight trends for 2019. Here they are:

  1. Continuation of the Cross-Border E-Commerce Boom
    • Airfreight carrier demand continues to grow as both the U.S. and China broke peak-season holiday shopping records last year
    • Package sorting, automation capabilities, and network extension focus for e-commerce providers
  2. Rise of Southeast Asia
    • Growth of airports
    • Cross-border e-commerce between Association of Southeast Asian Nations (ASEAN) members
    • Increase of Turkish cargo with release of new freighter services
  3. Increased Pharma Demand + Cold-Chain Tech Advances
    • 2018 brought advances in technology which will result in increased investment in storage, certification, and cooperation
    • IATA expects biopharma cold-chain logistics spending to increase 8-9% and therefore sales 4-5%
    • Expect fastest growth in Asia and North America
  4. Market Uncertainty
    • Unknown changes in regulations coming as a result of Brexit on 3/29/19
    • Trade war between the U.S. and China continues
    • As a result, stakeholders have been advised to formulate contingency plans
  5. Automation and Digitalization Increase
    • Airfreight industry slowly but surely adopting digital innovations and automations
    • IATA announced the electronic airway bill (e-AWB) is now the default contract of carriage for all air cargo shipments on enabled trade lines, effective 1/1/19

All in all, there’s predicted to be growth! Read it from the original source here.