IT’S time the air cargo industry exorcised its deep-rooted fear of technology and woke up to its benefits: cost reduction, increased efficiency, enhanced productivity, higher quality – and the potential for sustainable product innovation.

For anybody interested in picking up any pointers in discovering how their job, their company, or the sector they operate in will be affected by technological advancement over the next 10-20 years, the World Economic Forum’s (WEF) global 46th annual meeting in Davos, proffered some chilling answers – some of them stark, writes Thelma Etim.

Whether you were lucky enough to attend or had to make-do with reading or watching the outpouring of reports and televised debates online, the overriding message that emanated from the Switzerland-based event was resoundingly clear: ignore the advance of technology at your peril; the tentacles of technological advancement will almost certainly permeate and transform the way we work and the way we do business. Air cargo operators take note.

Klaus Schwab, inspirational founder and executive chairman of the WEF, is also the author of the much-talked-about book Fourth Industrial Revolution. It examines the seismic global consequences of emerging technology breakthroughs in fields such as artificial intelligence (AI), robotics, the Internet of Things, autonomous vehicles (self-driving cars, drones), 3-D printing, nanotechnology, biotechnology and quantum computing.

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