CARGOCONNECT-JANUARY2025 - Flipbook - Page 40
COVER STORY
JPN Singh
Managing Director, Scorpion Express
“2025 is expected to accelerate global economic growth
and facilitate smoother trade 昀氀ows, fostering a conducive
environment for the logistics sector”
Optimistic Outlook: Stabilising
Geopolitics and Growing
Momentum in India’s
Manufacturing
We are cautiously optimistic about the outlook for the
logistics sector in the coming year. While 2024 presented
a moderate pace of growth and a series of challenges
for the industry, we anticipate that 2025 will bring
greater stability, particularly with the potential for
geopolitical tensions to ease. These anticipated shifts
are expected to accelerate global economic growth
and facilitate smoother trade 昀氀ows, fostering a more
conducive environment for the logistics sector.
In India, the government's strategic initiatives to
boost manufacturing, such as the 'Make in India' and
'Atmanirbhar Bharat' campaigns, are poised to have
a signi昀椀cant positive impact on the logistics industry.
Freight Projections for 2025:
Strategic Considerations for
Navigating Growth and Rising
Rates
The air cargo industry is expected to continue its growth
trajectory in 2025, although at a more moderated pace
compared to the exceptional performance witnessed in
2024. According to IATA forecasts, global cargo volumes
are projected to reach 80 million tonnes in 2025, re昀氀ecting
a 5.8% year-over-year increase. While this growth rate
JPN Singh offers an optimistic outlook for the
logistics sector in 2025, with expectations of
stronger growth driven by geopolitical stabilisation
and India’s push for infrastructure development and
expanding manufacturing initiatives. Highlighting
significant opportunities in air cargo, he discusses
the expected growth in global cargo volumes,
despite rising rates due to capacity constraints.
Singh also emphasises the company's commitment
to personalised services, including their innovative
Hands-Free Traveller Services, which are set
to transform the air cargo industry by offering
a convenient, cost-effective baggage solution.
Furthermore, he outlines strategies for diversifying
services, targeting emerging domestic markets,
and forming strategic partnerships to ensure
sustained growth and competitive advantage in
an evolving landscape.
40 | CARGOCONNECT JANUARY 2025
