Martin Drew at the 2024 Nordic Air Cargo Symposium.
On April 23, Martin Drew, Chief Strategy & Transformation Officer, took center stage to deliver the keynote address at this year’s Nordic Air Cargo Symposium in Stockholm, Sweden.
The Symposium connects shippers and major industry players to meet, learn and network. It is the only regional event focusing on the North European air cargo market, bringing together cargo operators, forwarders, integrators, shippers, airlines, airports, investors, entrepreneurs, suppliers and many more.
Martin’s keynote, titled “Global Market Outlook & The Importance of Freighters,” focused on supply and demand dynamics. Martin touched on how demand growth is expected to exceed capacity growth, leading to a significant supply and demand imbalance which will support a strong pricing environment over the long-term.
Martin went on to say, “The combination of production capacity coupled with the lowest level of freighter retirements in twenty years will lead to slow intercontinental freighter fleet growth.” Martin also stated that the eighteen-month-old market downturn is starting to show signs of improvement in line with historical cycles, before highlighting how Chinese e-commerce is taking over airfreight.
Other sessions during the symposium highlighted current air cargo market trends in the Nordic region and globally. Others discussed Norwegian seafood exports, sustainability and why air cargo matters for the local economies.
Attendees received critical market insights and developed new connections.
