Asia air freight growth to dramatically change

Emirates SkyCargo chief Ram Menen has called for one common voice across the industry to unify all the elements of the supply and logistics chain.
Speaking at the FIATA World Congress in Dubai, Menen drew attention to world air cargo growth - predicted to triple in the next 20 years - and growth regions of the world, particularly India and China.
He said as Asia continued to grow, its middle class would acquire more purchasing power, changing the dynamics of the market.
Menen predicted air cargo’s dependence on US consumers would decrease and global trade lanes would change significantly in the years ahead.
He touched upon the issues of liberalisation; the progress of efreight initiatives in the industry; the problems surrounding air cargo security; the challenges of environmental barriers and high fuel costs that had spiralled to US$90 per barrel on the previous day.
22/10/07 Aircargo - Asia Pacific, Australia

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Categories: Cargo Oct 2007, Foreign Oct 2007