In the air cargo Conference in Munich, cargo players have found that the digitalization of air cargo is very important now, not only for the growth of the business but also for the survival of air cargo operations. The cargo business will face very strong challenges from the old disruptive technologies in the future.
Managing director of Accenture Freights argued that the time is running out quickly and cargo business cannot wait for next 10 to 15 years. Taking action now is required.
It is the time for the industry to face the challenges from e-commerce and to avoid the threats to the industry, it is necessary to adopt to new technologies. It could involve the e-commerce transactions and the way freight is booked. It is also necessary to safeguard the freight and cargo to get theft, lost or damage during the transit process.
Officials from e-cargo for Lufthansa Airlines claimed that they were adopting the technologies but need to talk with the players in the field in order to industry-wide implementation.
There are several companies who are offering online booking platform to the small and medium cargo companies. Customers are now able to get online quotes and book their cargo directly from their office to the airline.
The president of Air Logistics has said that the time of getting quotes has been reduced and now for the importers and exporters it is very easy. There are several platforms to get quotes for the air cargo to other countries and customers receive quotes from not just a single airline. Now it is the time to apply these technologies at a bigger level which is very necessary for the survival of the cargo business.
There are several bottlenecks that need to be eliminated from the process of digitalization, such as the finance is one of the largest hurdle. It is very important for the cargo carriers to take the responsibility to initiate the change. A change that is now long due for the survival of the industry.