Source: Air Cargo News
E-commerce is a gift from heaven for the air cargo sector but it faces several challenges if it is to capitalise on the opportunity it presents, according to speakers at the World Cargo Symposium.
Ludwig Hausmann, partner at McKinsey & Company, said that e-commerce had grown at a year-on-year rate of 20% over the last 15 years. Growth is expected to continue at 10-15% over the next five to 10 years.
Cross border e-commerce, which is expected to present the biggest opportunity to air cargo, is expected to grow even faster over the coming years – by as much as 25%.
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