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:

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
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
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
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
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.