Brendan Sullivan, the Head of Global Air Cargo at IATA, made detailed explanations about today and the future of air cargo at the World Cargo Symposium held in London, the capital of England. In his assessments, Sullivan underlined that the main priority of the air cargo industry is sustainability, and to reach our net zero target by 2050, to continue the efforts to modernize processes, to develop more effective solutions to safely transport lithium batteries, and to make air cargo attractive for new capabilities as stated. Sullivan continued his words and made the following statements regarding the recent performance of air cargo. ‘’ Air cargo demonstrated its value during the crisis experienced during the Covid epidemic. It was clear to everyone that it is a social and commercial lifeline, the backbone of global supply chains, the enabling element of e-commerce, and the most effective method of distributing the highly valuable and critical shipments of medical supplies and vaccines that the world knows well. Air cargo had a productive year, generating $204 billion in revenue throughout 2021. But these days the challenges are getting stronger both socially and economically. The war in Ukraine has badly affected the functioning of supply chains, Jet fuel prices are high and economic fluctuations have dampened GDP growth. Despite all these negativities, there are also developments that can be expressed as positive. E-commerce continues to grow, restrictions from the COVID-19 outbreak are easing, and high-value specialty cargo products demonstrate resilience to economic ups and downs. Delivering on our promise of net zero, streamlining processes, developing more efficient solutions to safely transport lithium batteries, and making airfreight attractive to new capabilities are of paramount importance. The rapid development of passenger traffic brings more hub capacity than it does for cargo.
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