Supply Chain Digital Magazine May 2023 | Page 84

Green air cargo key focus for the industry
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Green air cargo key focus for the industry

Sustainability was the focus for the most recent World Cargo Symposium , an event run by the International Air Transport Association ( IATA ), the air industry trade association that supports aviation with global standards for safety , security , efficiency and sustainability .
In 2022 , air cargo revenues reached a record US $ 204bn , more than double the figure for 2020 . It accounted for around 40 % of total airline revenues in 2022 .
The event focused on how the industry can capitalise on resilience to build a more sustainable future .
Identifying new ways to attract and retain talent was also a focus of many of the sessions .
Returning to the subject of sustainableaviation technology , Hader says this “ is moving much too slowly , and the industry knows it ”.
The reasons for this vary , he says . More than a quarter ( 28 %) of survey respondents cite the absence of a clear roadmap from OEMs ; 21 % feel a lack of investment is most to blame , while 18 %). Say limited human resources are to blame .
Unfortunately , say Hader and Baur , supplier struggles are just the tip of the iceberg – that the entire aerospace sector is currently falling short in driving the industry towards greater sustainability .
“ Market participants are highly dependent on each other to develop new technologies , and the required investments to reshape the industry are huge ,” says Hader . “ If the industry cannot act together , development stalls for everyone .” For suppliers , it seems that a lack of external guidance and overemphasis on
84 May 2023