TPM26: Flexport CEO Predicts Accelerated AI Impact on Logistics
At TPM26, Flexport CEO Ryan Petersen stated that his company initiated a "code red" transition to Artificial Intelligence last year, with initial benefits observed in customs compliance and auditing. This signals a growing recognition of AI's transformative potential in the logistics sector. Meanwhile, Hellmann CEO Jens Drewes expressed optimism about global trade, calling it 'still strong' despite ongoing uncertainties and geopolitical challenges, predicting elevated ocean freight volumes. However, K+N CEO Stefan Paul warned of potential gridlock at Asian airports due to an air freight backlog. He noted that approximately 20% of global air freight capacity, encompassing both belly-hold cargo on passenger planes and dedicated freighter charters, has been removed from the market. This disruption is attributed to the closure of Middle East airports and flight cancellations stemming from the ongoing conflict.