‘Global air cargo growth of 4.5% expected in 2024’

C K Govil, President, The Air Cargo Agents Association of India (ACAAI) shares his outlook for 2024, “After a lukewarm 2023, we are quite hopeful for 2024, expecting a growth of around 4.5% for the global air cargo industry. We saw global air cargo capacity surpass the pre-covid levels in April 2023. 2024 will give us an opportunity to be a part of India’s success story of becoming one of the global superpowers, driven by a young population, an increased demand for exceptional logistics services, and technological advancement in supply chain management with a prime focus on sustainability and efficiency in the transportation industry. Besides, I feel factors like climate change and artificial intelligence will drive many of our everyday decisions. Now, the industry needs to grab the opportunity and be part of the India’s success in becoming number two globally with the young team of population and with increased demand for logistics services potential advancement in technology for supply chain management, a focus on sustainability and efficiency in the transportation industry.”