Last week’s Air Cargo and Transport Logistic Conference and Exhibition in Munich, Germany, proved to be an immersive experience for those who attended. With 2,320 exhibitors from 67 countries and over 75,000 attendees, the event saw some of the brightest minds in the industry gather to share knowledge, forge connections, and explore the endless possibilities of transforming the way goods are transported across the globe.
We at ElectrifAi met and engaged with leading logistics and air cargo companies and industry leaders to understand their business challenges and explore how innovative technologies such as AI and ML can resolve them.
One of the pertinent themes that featured during our conversations was finding a faster and smarter way to load cargo into pallets and pallets into airplanes. For example, how could air cargo companies save 8%-20% of time loading goods into pallets and pallets into planes, thereby increasing throughput, delivering goods faster, reducing operational costs, and boosting revenue? This blog addresses some of those concerns, queries, and products we could glean from our customer interactions.
In today’s fast-paced world of air cargo transportation, every minute and every inch counts. Critical factors that run the air cargo business — fuel and labor costs — are at record high. In such testing times, the loading and transportation of cargo requires not only optimal utilization of available resources but also efficient on time. The traditional approach for loading cargo and pallets is time-consuming and error-prone, leading to delays and decreased productivity. Similarly, suboptimal loading configurations can result in wasted space that could be used to carry more cargo.
For decades, air cargo companies relied on rules-based products with inherent limitations in addressing the complexities of air cargo operations. These traditional systems often struggled to accommodate critical factors such as varying fleet types and fuselage dimensions, a diverse range of shapes and sizes of cargo and pallets, and the dynamic nature of cargo requirements. As a result, the industry continues to face challenges in maximizing cargo loads and being efficient on time, resulting in higher operational costs, delays, and customer dissatisfaction.
AirlineAi, ElectrifAi’s pre-built ML product for the air cargo industry, helps airlines optimize the load and streamline the loading process, maximizing cargo carried and saving valuable time. By generating optimized loading insights, the product enables ground handlers to load pallets quickly and accurately, resulting in faster turnarounds and improved operational efficiency.
Real-time visibility into the loading process enables quick adjustments as and when new cargo arrives, or changes occur. This allows proactive decision-making, optimizing the sequencing and placement of cargo to expedite the loading process. In addition, by optimizing pallet loading faster, companies can reduce the unit labor cost attribution to shipment, thereby reducing cost without cutting into profitability. Also, optimizing cargo loading on pallets and pallets in airplanes increases the total load carried, thereby reducing the unit cost of shipping with high loads and revenue.
AirlineAi is designed to work with your current system and helps avoid costly replacement, migration, and staff training. The product works alongside your existing system. Its pre-built, plug-and-play capabilities foster seamless integration, driving rapid business value for your operations. The product continuously learns from data patterns to adjust prices in real-time, enabling airline companies to enhance dynamic pricing capabilities and respond to changing market dynamics and customer demands faster. By identifying patterns, correlations, and seasonality trends that may not be apparent to human analysts, the product allows companies to make more informed decisions about capacity planning, resource allocation, and scheduling. By leveraging large-scale data analysis, air freight operators can now identify optimal routes, load configurations, and inventory management strategies, thereby minimizing costs, improving resource utilization, and enhancing operational efficiency.
With constantly rising fuel and labor costs, airlines urgently need to achieve better resource utilization, improve customer satisfaction, and drive sustainable growth in the highly competitive air cargo industry. And that’s only possible when they start harnessing the power of data to enable dynamic pricing, demand forecasting, and pallet optimization to make cargo operations faster and more efficient.
The time is ripe to leverage the power of AI and pre-built ML products to navigate unexpected market turbulences and secure your cargo journey to the fullest. AirlineAi helps you achieve these objectives in just 6–8 weeks. Welcome to the world of ConsequentialAi!
For more information on our products for the air cargo industry, read our blog, Takeoff to your next destination with data. Get in touch with us to know how AirlineAi can pave the way to safety, profitability, and efficiency in your air cargo operations.
ElectrifAi: US' leading ML products provider
ElectrifAi is one of the US' leading ML products providers, with an extensive library of pre-built ML products enabling our clients to capture tangible benefits quickly. We work with the C-suite to understand and solve business problems through data and machine learning in diverse industries such as Higher Ed, BFSI, Life Sciences, Hospitality, Retail, Chemicals, Oil & Gas, Telecom, Insurance, etc. The insights generated by our ML products, such as ContactCenterAi, ReputationAi, InventoryOptimizationAi, RevCaptureAi and other products, have helped our clients realize consequential business outcomes in 6-8 weeks.
Our product does not require investment in a new platform or infrastructure. Instead, we leverage the data existing in your system to power the ML models to deliver business outcomes.
We are the last-mile product that sits on the top to solve specific business problems and bring about savings. Contact us to learn more!
