The air cargo industry is a dynamic and ever-changing industry that is critical to the global supply chain.
The global air freight market was worth US$ 270.3 billion in 2021 and is expected to be worth US$ 390.7 billion by 2027, with a 5.80% CAGR from 2022 to 2027. In 2023,
Several trends and advancements are expected to shape the air cargo industry’s future. In this blog, we’ll look at some of the major changes expected to affect the air cargo industry in 2023.
KEY CHANGES IN THE AIR CARGO SECTOR IN 2023 THE RISE OF ECOMMERCE
eCommerce has transformed the way people shop and had a significant impact on the air cargo industry. The growth of online shopping has increased demand for air cargo services.
With more businesses looking to ship products directly to consumers, eCommerce will continue to drive growth in the air cargo sector in 2023.
This trend will result in a greater emphasis on the development of efficient and dependable air cargo networks to meet rising demand.
INNOVATIONS IN TECHNOLOGY
Technology will continue to have an impact on the air cargo industry. As businesses seek to streamline their operations and cut costs, automation and digitization will become increasingly important. The use of blockchain technology, for example, will help to improve supply chain transparency and security.
While advances in data analytics will help businesses better understand their customers and optimize their operations.
IMPROVED COMPETITION
Air cargo is a highly competitive industry, and this trend is expected to continue this year. Competition will heat up as new entrants enter the market and established players expand their operations. As a result, in order to stay ahead of the curve and competitive, businesses will need to invest in technology and innovation.
CONCERNS ABOUT THE ENVIRONMENT
There has been a growing emphasis in recent years on sustainability and reducing the carbon footprint of the air cargo industry.
This could include purchasing more fuel-efficient aircraft, using alternative fuels, and experimenting with new ways to reduce waste and emissions in their operations.
HOW FREIGHT FORWARDING SERVICES ASSIST EBAY SELLER
Freight forwarding is a type of international courier service that allows goods to be moved from one location to another.
It entails managing customs clearance and other administrative processes as well as coordinating the transportation of goods from their point of origin to their final destination.
Freight forwarders act as go-betweens for eCommerce sellers and carriers.
warehousing, consolidation, and packaging are examples of value-added services.
eCommerce sellers who use a reputable freight forwarder can gain a number of advantages that can help them grow their business.
Freight forwarders have a wealth of knowledge and experience in logistics and supply chain management.
This allows them to handle complex transportation needs while also providing efficient and cost-effective solutions.
Freight forwarding companies, such as NimbusPost, have access to a diverse network of carriers, allowing them to offer a variety of transportation options to meet the unique requirements of each shipment.
This is especially useful for eCommerce sellers who need flexible delivery options or want to cut shipping costs.
International courier services can also assist eCommerce sellers in navigating the frequently complex regulations and requirements associated with international shipping. Obtaining the necessary licenses and permits, completing customs declarations, and adhering to trade regulations are all examples of this. By delegating these responsibilities to a freight forwarder,
eCommerce sellers can concentrate on their core business while knowing that their shipments are being handled efficiently and effectively.
In a nutshell, freight forwarding is a must-have service for eCommerce sellers looking to grow their business and expand into new markets.
With the ability to provide a variety of value-added services and logistics and supply chain management expertise,
Freight forwarders can assist eCommerce sellers in expanding their operations and improving their bottom line.
IMPORTANT FREIGHT FORWARDING COMPANIES IN THE INDIAN LOGISTICS MARKET
The following are some of the major players in the Indian logistics market:
DHL Supply Chain Management
Dpex Worldwide NimbusPost DB Schenker
Logistics FedEx Supply Chain Agility
CEVA Logistics is a division of Nippon Express.
UPS Aramex Supply Chain Solutions
International BDP
The above list is not exhaustive, and other significant players in the Indian logistics market may exist. The market is always changing, and new players may emerge or existing players may gain prominence over time.