Exploring the Future of Air Cargo in Asia: Challenges and Opportunities
More than any other region, the Asia Pacific depends on air cargo as a financial lifeline. While global air cargo hit new highs during the pandemic, traffic has settled back into more usual patterns in the last two years. At the same time, global economic shifts, geopolitical events and shifting attitudes towards globalisation and trade suggest that the regional sector could be in for a difficult few years.
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With global economic growth slowing and industrial activity still tepid, how does the regional air cargo sector respond?
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What are the implications for regional air cargo of the ongoing e-commerce boom?
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How does the cargo sector follow the rest of the industry in reducing its emissions, while battling with its aged fleet?
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Will increasing protectionism and inward-looking economic development in major economies have implications for the sector?