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IATA's e-AWB penetration rate falls in February
THE air cargo industry has again missed its target of surpassing 50 per cent mark in electronic airway bill (e-AWB) penetration, after recording a penetration rate of 48.2 per cent in February, a decrease of 0.3 per cent on a month-by-month basis.
The result is casting further doubt on whether the industry will achieve its year-end goal of 62 per cent, reported New York's Air Cargo World.
The number of shipments using e-AWB also saw a slight decline in February, after falling to 639,419 following January's 639,540.
While digitizing airwaybills presents clear advantages, penetration appears to be slowing after rising quickly in early 2016. At the same time, other technologies such as blockchain could make e-AWB redundant, especially if it takes years to catch on. IATA representatives have admitted that adoption rates are less than they had hoped for.
The result is casting further doubt on whether the industry will achieve its year-end goal of 62 per cent, reported New York's Air Cargo World.
The number of shipments using e-AWB also saw a slight decline in February, after falling to 639,419 following January's 639,540.
While digitizing airwaybills presents clear advantages, penetration appears to be slowing after rising quickly in early 2016. At the same time, other technologies such as blockchain could make e-AWB redundant, especially if it takes years to catch on. IATA representatives have admitted that adoption rates are less than they had hoped for.
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