Question

Air cargo has experienced a renaissance in the last several years because of skyrocketing international e-commerce amid heightened consumer expectations and reduced oil prices. Additionally, airfreight has become increasingly competitive against other modes of transportation in recent years. Discuss how air cargo should be forecast in 20 years and develop a schematic diagram on the future plan of cargo infrastructure with consideration of air traffic forecast. Answer With 5 references

Answer 1

Air Cargo & it’s Scope- Forecast
The expansion and the development of e-commerce, oil prices, competition between emerging economies and between the service providers itself increased the amount of cargo transferred through air. Digitalizing trade, need of quick deliveries, inline and electronic trade etc. have all influenced the change in the structure of the transportation of cargo. The effect of these has a long term impact which could increase the growth of the mode of transportation of freight.
The technological development in both the economy and of the mode of transportation has huge impacts in the changes. The scope of the sector needs further development in infrastructural facilities especially in emerging economies. Countries with high chances of export with least infrastructure for collecting and sending cargo need further investments and expansion in the sector. Increasing scope of trade is increasing developing countries to find possible way of exporting. Creating infrastructure in the countries where they fail to find a proper mode of international cargo transportation will help increase the trade activities and the scope in the sector too. Increased ability of freight capacity in the airports, large amount of exports are all factors that could stand as driving factors to the growth of the sector in the future. The technological development has increased the efficiency to manage air traffic. That can have a positive effect in increasing the no. of services at a time reducing the time for the total transportation and reducing the time for freight to reach the destination. Reduced barriers for the free trade, increased cooperation between countries have all impacted in increasing the scope of air cargo. Attractive charges and the less time consumption to transport the cargo are also attracting people using other modes to air cargo.