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regionalreport

LATAM Cargo is optimising its network
and technology to improve e-commerce DECEMBER
delivery times. 5
“We are actively collaborating with ma- 2024 PUNE
jor players in the domestic e-commerce
sector, focusing on reducing lead times
thanks to our expansive network. From Navigating the Future of Logistics
a technological standpoint, we have
implemented CROAMIS across our opera-
tions, which optimises routing for both for Indian Automotive Industry
cross-border and domestic shipments,
enhancing delivery speed. Additionally,
our integration of APIs with customer also create an unpredictable business EVENT HIGHLIGHTS
systems improves the shipping experi- environment, making long-term planning
ence, providing real-time transparency and investment decisions challenging for Panel Discussions Expert Insights Networking
and visibility into shipments throughout air cargo companies.
the entire process,” mentions Torres of “Regarding rising fuel costs, our priority Join us in discovering the unheard stories of India’s
LATAM Cargo. is cost efficiency to be able to compete
“Moreover, by leveraging our combina- and be sustainable in the long term. In automotive manufacturing and logistics sector.
tion of passenger capacity and B767-300 this sense, our A330 fleet, the medium-
freighters, we boost our logistics capabili- sized cargo fleet with lower environ-
ties during peak demand periods. This mental impact based on the region, is
approach enables us to increase shipment more fuel efficient than its counterpart, it
capacity by up to 40%, ensuring timely We, as an airport, has better volume payload and volume
deliveries and maximise operational ef- capacity than other medium-size wide-
ficiency,” he adds. hold more than 90% of body aircraft while still allowing for flex-
Despite its growth potential, the ibility in medium-range routes,” explains
Latin American air cargo industry faces the total e-commerce Elias of Avianca Cargo.
significant challenges, primarily due to shipments that arrive “LATAM Cargo is effectively address-
infrastructure limitations. Many airports ing the challenges of rising fuel costs,
in the region lack modern cargo handling in Brazil. economic fluctuations, and geopolitical
facilities, a study by ACI World and Oxford uncertainties through a strategic focus
Economics has found that airports require Hugo Repolho on cost efficiency, revenue diversification,
$94 billion in investments through 2040 GRU Airport and fleet adaptability. Our flexible operat-
to accommodate the increasing demand ing model allows us to quickly adapt to
for air travel in the Latin American region. at our strategic hub at Miami International various market conditions, supported by
This total includes $41 billion for new Airport (MIA). This investment under- our four operational certificates for the
greenfield projects. leading to inefficien- scores our commitment to delivering B767-300 freighters in South America,
cies and delays. The inadequate cold superior cold chain services. MIA serves as which enable high aircraft utilisation.
chain infrastructure is particularly prob- a critical connection point between North Additionally, our choice of the B767-300
lematic for a region that heavily exports and South America, as well as a gateway freighter reflects our commitment to
perishables. However, progress is being to Europe and Asia. Our facilities at MIA using the right-sized aircraft for specific
made to address these challenges. include the largest warehouse and the regions, ensuring both adaptability and
Xeneta’s report highlights that the most extensive cold storage areas at the efficiency amid changing economic
growth in e-commerce is putting pres- airport, enabling us to uphold the highest landscapes,” states Torres of LATAM Cargo
sure on air cargo capacity. Given the long standards for the perishable goods we on these issues.
distances involved, most air cargo from transport,” says Torres of LATAM Cargo. Latin America's air cargo market is at
China to Latin America moves on multi- Economic volatility in the region adds a crossroads, balancing robust growth
stop flights via other regions, such as North another layer of complexity. Latin Ameri- opportunities with significant challenges.
America, Europe, or the Middle East. This can economies are often subject to cur- Rich in resources and expanding in e-
complex routing, combined with ongoing rency fluctuations and inflationary pres- commerce, the region shows promise.
disruptions in the Red Sea and the slow sures, which can impact the stability of air However, infrastructure limitations and
recovery of belly capacity between China cargo operations. The fluctuation of fuel economic volatility pose obstacles. As
and North America, is constraining capac- prices, a significant operational cost for air industry leaders adapt and invest strategi-
ity between China and Latin America. cargo companies, further compounds this cally, Latin America's air cargo sector is ORGANISED BY FOR PARTNERSHIPS
“Last year, we invested close to $9 mil- economic uncertainty. Political changes set to play an increasingly crucial role in
lion to enhance our cold storage facilities and policy shifts in various countries can global trade.  Renju Raju
renju@statmediagroup.com
28 | AUGUST 2024 www.stattimes.com +91 8879045963