With a large base of population, strong economic growth and global manufacturing centers, the Asia and Pacific region (APAC) has proven incredibly attractive.
There are many factors that drive this strong growth: mainly, it is the continuous development of the global demand for e -commerce, which China is the main source of commodities, followed by emerging economies such as Vietnam. But there is also a strong growth inside Asia due to the increase in wealth and manufacturing that drives the demand for consumers on Western goods. The recovery in the field of manufacturing in China and India has increased the international demand for air freight, as companies turn to air freight amid charging disorders.
“With the increase in purchasing power in the region, trading has grown inside and outside the region,” said Tamdda Pereira, head of Sri Lanka charging.
The motivation behind growth in the demand for air cargo is mainly driven by a set of demand for passengers and a complete recovery of operations after birth. The recovery has improved communication and ability in the air freight sector, with the high capacity of the goods increased. Growth also depends on increasing appetite in the market for speed in this region – the air is the fastest way to transport things throughout the region.
“The area has become increasingly attractive to technology manufacturers, which enhances more demand for air freight services,” explained by Francis Anthony, president of Cargo Commercial in Teleport. “We are witnessing an increase in logistical needs coming from the pharmaceutical industry due to the high global demand for medical supplies and medicine.”
E -commerce
E -commerce in all its various forms really supports the market. In the APAC alone, it acquired a third of the global air freight market, the highest region all over the world.
“The prosperous e -commerce market has been a decisive factor in restoring the global aviation conditions industry during and after the guardianship,” Igor Qukakovsky, CEO of Qantas Freight.
“With consumer habits turning towards online shopping, the demand for effective air cargo services has increased. This recovery has not only contributed to increasing the sizes of air weapons conditions, but also provided a path for operators to rebuild and adapt.”
The initial boom in the demand for PPE was replaced by the epidemic with public e -commerce, and this in turn was identical to the growth of public charging with the recovery of global economies.
“There were changes in air cargo capacity: at first we lost almost all the abdomen’s ability to replace them with MAINDECK; then, this capacity was gradually replaced by personal protection equipment charters to provide flexibility in the main supply chains through the program’s charters, which tend to continue until today Now we have seen the abdomen’s ability to pre -party levels on most roads, which provides the frequency and selection required by some commodities, such as Pharma, “Wilson Coong, CEO of HACTL, mentioned.
“E-commerce prefers weather conditions, and no sign of the decline until now, so there is a good reason to stay optimistic-taking into account any exceptional factors that do not disrupt the direction.”
Challenges
The APAC air conditions industry faces many important challenges that can disrupt operations. One of the main concerns is the constant economic uncertainty, which includes fluctuations in global demand, inflationary pressure, and exchange rates; Factors that can negatively affect export and profitability sizes.
“Many energy homes are located in the world, including China, in the east, which leads to heavy air charge movement that usually moves from east to west. However, transport companies face challenges with goods from the West towards the east due to the directional imbalance Perira.
In addition, capacity management is a decisive challenge; Increasing the width of the goods area may lead to low rates and increased competition.
Geopolitical tensions and commercial turmoil, including conflicts, sanctions and policy changes, threaten major trade routes and supply chains. For example, due to the trade tensions between China and the United States, dependence on Chinese manufacturing decreased, as it turned into centers in Vietnam, India and Mexico.
“World Trade, e -commerce sizes, and the health of American and European economies are all important. But we must remain aware of the fact that Airfreight’s success is often the result of exceptional factors as mentioned above.” “These cannot be predicted in itself, and therefore the only prediction ability is the inability to predict! We must welcome it.”
Moreover, the increasing focus of the sustainability industry offers a set of challenges, as companies must move in the most stringent environmental regulations with cost management effectively.
“We are optimistic, at the same time cautious about how or economic and geopolitical transformations do not affect this growth,” Anthony explained.
Targeted areas
APAC provides many promising opportunities to grow in the aviation industry. Singapore, in particular, has great potential as a strategic center. Advanced infrastructure, communication and focus on innovation makes an ideal location for industries such as medicines, electronics and semi -conductors. Health care sectors and pharmaceutical preparations also offer great potential, especially for temperature delicate charges, while increasing demand for advanced health care solutions throughout the region.
“We see inconvenient growth opportunities for the goods on the popular passengers passages (but the non -popular shipping corridors) through destinations like the Maldives, Bali and Foucape are among others,” Anthony continued.
Geography, emerging markets in Southeast Asia, especially Vietnam, Thailand, Malaysia and the Philippines are witnessing a strong growth in manufacturing, as new commercial corridors and export opportunities are offered.
The Sri Lanka strategic location between East and West, along with its very linked port (ranked twenty -fourth in the world), places a vital center of marine air logistics, air air and air services.
This makes him a major player on the Silk Road, Belt and Road Initiatives. Therefore, our partnerships are not limited to airlines, we see shipping lines and road feeding networks as potential partners, necessary to maintain important commercial communications. “
Network developments
The expectations for the global air capacity in 2024 are optimistic with caution. Factors such as continuous e -commerce growth, international trade and potential disorders in supply chains will play pivotal roles.
In addition, fluctuations in fuel prices, organizational changes and developments in logistical services technology will also affect the dynamics of capabilities with continued adaptation and development.
Amid that environment, transport companies cannot limit themselves to their own networks. Globalized products and brands, and the demand can extend to the distant angles of the world.
“Simplicity, global trade offers long -term growth with the growth of the population, and this must be logically through the basic demand for logistical growth. Any other growth has a more related to the intermediate shift, which has benefited from the conditions of a pilot travel several times in recent years.”
“Sri Lanka shipments have created direct operations covering Europe, the Middle East, Southern Asia, Southeast Asia, the Far East, China and Australia. To enhance our services and provide better solutions to our customers, Srilankan Cargo uses its interfering partners and road feeding network.
“Our partnerships include more than 130 special agreements (SPAS) and six road feeding services. We have enabled this to reach distant angles in the world, while RFS services extend on our land in Europe, Australia, China and India, where the largest land blocks need the largest land blocks To cover.
Air transport providers should be able to provide comprehensive solutions to meet these demands; Otherwise, they risk become unimportant. Therefore, they must strive to compete and not leave any stone without changing their efforts to achieve success.
“The key to building our connected networks was our partnerships, our cooperation with local transport companies, freight combinations and logistical service providers throughout the region. Also, taking advantage of the important and growing passenger network via Qantas and Jetstar, which allows us to reach major markets throughout the region.
