Today, the Aviation Industry is tackling numerous pressures and challenges due to COVID-19. Per a recent report published by the IATA (International Air Transport Association), the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019.
Disruptions like new entrants, changing customer expectations, and new technologies are creating new challenges and new opportunities for revenue generation and growth. To stay relevant and ahead in the game, logistics players have to develop new models and offerings for the market
T&L players need to reposition their supply chain networks to enhance visibility, enable digital operations, support customers with new offerings and delivery models, and ensure safe logistics operations to cope with the changes in the new normal
Automation and digitization are changing the business world as we know it, offering tremendous potential and benefits to businesses and end consumers. Additionally, with increased exposure to newer technologies, the end consumer is becoming more and more price conscious. This is in turn putting pressure on service providers in the service supply chain to remain competitive and deliver maximum value with reduced prices.