Question That Divided the Air Cargo Industry

Nordic Air Cargo Symposium, held in Copenhagen on 5th of April, brought forward some key points on how the air cargo industry is looking currently and how it will be affected in future. With various industry specialist who graced the event with their knowledge of the market, the event tackled questions like ‘When will the cargo balance return to pre-covid levels?’.
​The year 2025 was mentioned a few times as the speculated year of achieving the supply-demand balance. Ashwin Bhat, Lufthansa Cargo chief commercial officer, expressed that container port congestion will remain, e-commerce demand will continue to rise and supply chains will face disruption due to missing parts, all of which will favour air cargo.
However, on the flip-side, the cargo demand may be negatively effected given that the rate of inflation and cost of living has increased in the global market and that may influence the buying behaviour of people. Seabury Cargo commercial director Jonathan Mellink said that even-though there is enough capacity offered by the market, the demand has simply increased making it difficult to achieve the balance.
The view seems to be divided among industry specialists as to when this equilibrium can be achieved. With every week bringing new challenges to the market, only time will tell the correct answer to this big question.

​Summary by Tejaswi Khanna

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