According to The International Air Transport Association (IATA) Economics, recently released statistics that show air cargo represents 30-35% of airline revenue due to the increase in demand and decrease in capacity, due to the drop in passenger travel. As of December 2020, 18% of air cargo is e-commerce and is expected to rise to 22% by 2022*. This has propelled the air cargo logistics industry towards digital transformation and necessary adoption and it moves towards a more efficient, immediate and automated industry.
Needless to say, the global pandemic has pushed the industry to focus on three areas to ensure customer demands are met: speed, digitization and automation. Euromonitor International conducted an industry survey and 72% of retail professionals said the crisis accelerated their digitalization plans by at least one or two years, with 21% saying it fast-forwarded plans by at least three years**. As part of the digital transformation plan, many are turning to digital logistic platforms that offer fast delivery, create a global network by integrating multiple partners for speed and efficiency as well as provides a data-driven digital ecosystem embedded in a logistics value chain.
*IATA Economics, 'Economic Performance of Airline Industry', December 2020
**Euromonitor, Science & Vie, June 2021
