Thursday, June 21, 2018

GSSA Cargo Sales Agents in India and Asia Making a Killing in Air Logistics

To begin with India jumped 19 places and ranked 35 in 2016 as against 54 in 2014 in the latest Logistics Performance Index by World Bank. Better performance in logistics not only boosts initiatives like Make in India, by enabling India to become part of the global supply chain but also helps to increase trade.

According to the 2017 Agility Emerging Markets Logistics Index, India climbed to the second position in the 2017 Index, switching spots with UAE; China was once again numero uno.

The Indian air cargo sector is poised to undergo significant growth in the coming years. The international and domestic freight traffic have shown growth of 10.8 percent and 7.0 percent respectively resulting in overall increase of 9.3 percent in total freight traffic during the period (April-January) 2016-17 as compared to (April-January) 2015-16.

Across the world, according to IATA’s forecast, there has been a rise in cargo carried in 2018, which stands at 62.5 million tonnes, up by 4.5 percent to 59.9 million tonnes in 2017. GSSA (general sales and service agent) and GSA (general sales agent) play a large role in facilitating this growth. According to WorldACD, a leading data provider of air cargo markets, around 23 percent of air cargo volume is sold by GSAs. Stephen Dawkins, chief operating officer, Air Logistics Group, a leading GSSA in the UK is cited in media, “the size of the worldwide cargo airline market in 2017 stood at 55 million tonnes, of which the GSSAs controlled 20 percent.”

Adrien Thominet is chief executive of the largest GSSA in the world, ECS Group. In June 2018, ECS was acquired by investment firm Naxicap Partners to help continue the GSSA's acquisition strategy which factors in Asia in a big way
20/06/18 BusinessWorld

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