Growth in global middle class will benefit air cargo industry

The economies of developing nations are growing and lifting millions of people out of poverty. This is good news for the air cargo industry.

The economies of developing nations are growing and lifting millions of people out of poverty. This has a number of implications for the world economy as a whole, and the air cargo industry is not immune.

Luckily for carriers, the impact is expected to be positive.

According to a recent article on Air Cargo World, growth in these emerging markets is expected to fuel an expansion in global trade.

Des Vertannes, global head of cargo at the International Air Transport Association, told Air Cargo World that the growing middle classes in areas like China and Latin America will be at the forefront of this change.

"They don't want to buy goods from China," he said. "They want to buy goods from Europe or America."

The reason air cargo will benefit in particular, Vertannes said, is because many cities in these parts of the world are growing at a rapid pace and need goods for their increasing populations

"These cities are putting a huge strain on themselves as they attract new citizens," he said. "Trying to power them, clothe them, feed them, educate them—they're going to need air cargo, I can tell you, because they're not all residing near ports."

Vertannes credited the International Civil Aviation Organization for pushing for the use of paperless air transport documents. This should increase the efficiency and reliability of the transport process.

But there are other steps carriers can take to reach that end. They can adopt a proof of condition service like CargoSnapshot, which allows users to take digital pictures of each individual piece of cargo—thus making it easier to track shipments. 

Posted in Cargo

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