"To be successful, we need the commitment of the entire supply chain to generate economies of scale. The benefits are enormous: US$4.9 billion in cost savings for the supply chain, a 22% reduction in shipper buffer stock, a 25% reduction in customs penalties, an average 24 hour decrease in shipping time and a 1% increase in market share against sea shipments. Everybody benefits. Everybody needs to participate," said Bisignani.
Quality-Cargo 2000: Bisignani also called for greater industry participation of the entire supply chain in Cargo 2000 to improve quality. "Cargo 2000 quality standards are even more important in this crisis. IATA is committed to Cargo 2000. It is part of our recommended quality standard. But to be effective, we need the whole supply chain to be aligned with a common vision on how to deliver quality. That is what Cargo 2000 is all about," said Bisignani.
Cargo 2000 was established over a decade ago to simplify processes by reducing 40 steps in the logistics chain to 19 and to implement effective quality standards.
The IATA World Cargo Symposium is taking place in Bangkok, Thailand from 2-5 March 2009. Under the theme of "Focus on the Customer: Delivering in Turbulent Times," the World Cargo Symposium is looking at building a solid future for air cargo, while battling the crisis that currently envelops the global economy. IATA will release an updated industry financial forecast on 24 March.
The IATA (International Air Transport Association) represents some 230 airlines comprising 93% of scheduled international air traffic.