'Air cargo carriers should leverage digital assets to stay competitive'

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Senior executives of global air cargo airlines that assembled in Bangkok last week sounded out their counterparts in the industry to take a critical step: embrace disruptive new-gen technology to remain relevant in an increasingly digital world. In a market that continues to remain challenging, abandoning cumbersome legacy IT system to gain efficiency and control cost of operations is one key way forward to remain competitive, it was said. “Air freight industry revenues have dropped from US$67bn in 2011 to $48bn in 2016, despite rising volumes.”