A friend of mine likes to say that the world’s biggest challenges are also an entrepreneur’s greatest opportunities – and our industry is certainly in challenging times.

Entrepreneurship and innovation go hand in hand. It is hard to create something no one else has done before and do this against the traditions of an established industry. It takes fresh new thinking, and use of new technologies to create your prototypes, modeling and testing as well as new partnerships in engineering, design, and finance.

Over this year, CargoAi has continued to remain true to our mission to bring the best available technologies to airfreight; while leveraging our unique position between demand and supply in air freight procurement, to continue to drive the enablement of an efficient and connected airfreight ecosystem.

As warnings of a global recession spread, we need to continue to focus on market trends.
Global air cargo volume – known as an early indicator for consumer products demand – has slumped since early 2022, showing a 5% decline Year To Date after an initial strong recovery in 2020 and 2021.

The air cargo industry is always subject to a multitude of influences and the current downturn in demand is a logical consequence of what is impacting global consumers. High inflation, high interest rates, high energy costs and concern over job security have compounded to create an air of defensive consumer spending, in which case discretionary spending is pulled back.