OCTOBER 2024LOGISTICSTRANSPORTATIONREVIEW6 Copyright © 2024 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.OCTOBER - 01 - 2024, volume 07 - Issue 16 (ISSN 2836-533X)Published by ValleyMedia Inc. To subscribe to Logistics Transportation ReviewVisit www.logisticstransportationreview.comManaging EditorStephanie MatthewEditorial StaffJoe PhilipLaura PintoMatthew JacobMerlin WatsonDaniel HolmesLeah JaneYenny TurnerTiffany HayworthVisualizerShaping the Future of Air Freight with AI and Predictive Analytics*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@logisticstransportationreview.comeditor@logisticstransportationreview.commarketing@logisticstransportationreview.comEditorialStephanie MatthewManaging Editoreditor@logisticstransportationreview.comStephanie MatthewRobert Grey SmithThe rise of e-commerce has dramatically transformed consumer shopping habits, leading to a surge in demand for air freight services. A confluence of factors, including technological innovations, shifting trade dynamics and evolving consumer preferences, is shaping the future of air freight services.Technological advancements are revolutionizing the air freight industry, driving transparency and sustainability. Drones are transforming last-mile delivery, particularly in remote or inaccessible areas. With their ability to navigate challenging terrains and deliver packages swiftly, drones offer a cost-effective and efficient alternative to traditional delivery methods.Leveraging big data and machine learning algorithms, predictive analytics are empowering air freight operators to forecast demand, optimize routes and enhance operational efficiency. By analyzing historical shipping data, weather patterns and market trends, predictive analytics enable companies to make informed decisions regarding capacity planning, resource allocation and pricing strategies.Driven by these trends, the global air freight services market is estimated to be valued at $151.02 billion in 2024 and is expected to reach $223.43 billion by 2031, exhibiting a CAGR of 5.8 percent.In this edition of Logistics and Transportation Review APAC, we provide insights into recent developments in the air freight market and how companies offer air freight services aligned with the latest trends.It features a thought leadership article from Kebebew Bulto, Ethiopian Cargo Regional Manager Far East, Ethiopian Airlines, who highlights the importance of digitization in the airfreight logistics industry and the challenges faced in its implementation. It also features an article from Thao Nguyen, People leader at Decathlon Vietnam, who sheds light on the significant transformation of logistics activities in today's global economy, driven by technological advancements and changing business needs.In this edition of Logistics and Transportation Review APAC, we also bring you the story of the top air freight service providing companies delivering fast, reliable and efficient solution for transporting goods across long distances and time-sensitive situations. One of them is Worldbase Group International Logistics, who tailored logistics services for e-commerce businesses. They specialize in helping North American businesses receive goods from Chinese suppliers.In this edition featuring the Top Air Freight Services Providers in APAC 2024, we hope you find the right partner to meet your organization's needs.Let us know your thoughts!
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