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Exclusive – Glyn Hughes on Leaving TIACA – and What Air Cargo Still Needs to Fix

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Glyn Hughes, Director General of TIACA, is stepping down at a moment when the air cargo industry is under pressure to evolve. After more than four decades in the sector – and five years leading the association – his departure comes as the industry faces a bigger question: is it actually changing fast enough? For Hughes, the timing is both personal – and strategic. Leaving at the right time.

“I’ve just turned 60, and that is part of the attraction,” he says. “I’ve had some amazing jobs, worked with amazing people, been to incredible places, and been involved in amazing projects. But I also like the idea of leaving the party when people are saying, ‘I wish Glyn was still here,’ rather than waiting too long and sitting in the corner while people ask, ‘Why is he still here?’”

The role, he admits, has come at a cost. “This job, this industry, consumes your life if you don’t have very good control or clear boundaries – which I don’t. I love it, but I do recognize it means I’ve kind of put life on hold a little bit. So I think that’s an opportunity as well.” Hughes believes TIACA is in a strong position. “I think this industry is going through such profound changes, and I think it’s a good opportunity for somebody that’s got a little bit more of a future-thinking approach to things.”

Glyn without a mic in his hand and not on stage? Hard to imagine for anyone who knows him well – photo: CFG/hs

A platform built – a shift ahead
“We’ve created an incredible platform with the board, the team, and our programs over the last five years,” he says. But he is equally clear that the next phase will require a different mindset.
“I’m into networks, collaboration, understanding how the industry got here. But going forward, this industry is going to need to be much more innovative. If we want to continue to be the premier mode of transport – and grow beyond that 1% to 2% share of international trade – we’re going to need to have innovation everywhere.”
That raises a harder question: after years of talking about digitalization, sustainability, and modernization, why does progress still feel slow?
It’s a gap the industry itself increasingly acknowledges – caught between ambition and the reality of a fragmented, multi-stakeholder ecosystem where alignment takes time.

Not leaving—just stepping back
Despite stepping down, Hughes has no intention of moving into another role. “I don’t want to work anywhere else. I love this job so much. If I were going to continue working somewhere else, I would stay doing this job.”
Instead, he plans to support the transition and then remain connected at a distance. “I want to support the board and my successor for as long as they would like me to. After that, I hope to stay connected through industry events for as long as they need me.”

The reality behind the role
Part of that shift is also about stepping away from the realities of the job—especially travel. “Travelling is not as enjoyable as it used to be,” he says. “I’ve just come back from a trip with a 16-hour delay, overnight stays, early morning flights, and two nights of two hours’ worth of sleep.”
The routine has become relentless. “Airport, Uber, hotel, conference, airport – you could be anywhere in the world. I don’t even know where I am half the time.”
He still wants to travel, but on different terms. “I would like to travel without a suit, just shorts, sneakers, and flip-flops. I would like to travel, but to travel rather than business travel.”

An industry defined by people
Even so, what he will miss most is not the role, but the people. “I’ll miss the camaraderie. There are people I’ve known in this industry for 30 or 35 years, and wherever we meet in the world, we reconnect instantly.”
That sense of connection, he argues, is what defines air cargo. “Air cargo is probably the best industry I could ever imagine – not just because the benefits they bring to the global community, the opportunity we have to really make an impact, but because of the people you meet along the way.” And despite the push toward digitalization, he does not see that changing. “Technology will drive the business side going forward, but people will always drive the heart of the industry. It’s the partners that we work with, and I do cherish all of them, and I will miss them, for sure.”

From moving boxes to moving emotions
Looking back over four decades, Hughes sees a fundamental shift in how the industry understands its role. “In the early ’80s, we were just moving boxes around the world. Today, we talk about the emotions of what’s inside the box.”
That change has raised expectations – and responsibility. “It could be a live organ, a wedding ring, a bunch of flowers, a smartphone for somebody’s birthday present – mit doesn’t matter. There’s an emotional connection. We cannot lose it. We cannot be late. We must communicate.”
At the same time, the pace of the industry has accelerated dramatically. “Twenty-five years ago, if I wanted to communicate with you, I would have had to type a letter, and you might get it three or four days later. Now everything is instant. Time has become much more important. The stress has increased because expectations are higher – but that’s also what’s kept the interest in the industry.”

A career without boredom
Across 44 years, one thing never changed. “I’ve never been bored. I’ve never had a moment where I thought, ‘What do I do now?’ I’ve never got to the point where I’ve said, ‘I have all the answers,’ and I’ve never got to the point where I’ve said, ‘That’s it, it’s all done.’”
For him, that constant evolution is exactly what makes the industry compelling. “Everything is improving. Everything is evolving. Everything is exciting. I learn new stuff every day. I fell into this industry – but I’m very thankful that I did.”

Opening doors for the next generation
Hughes also takes pride in helping others step forward. “One of the things I’ve always loved is being able to give people their first speaking opportunity at TIACA – whether that’s moderating a panel, speaking on a panel, or making a presentation. I find that really rewarding.”
He sees generational change as an opportunity rather than a challenge. “We’ve got some super young moderators coming through and first-time speakers. It’s sometimes nice to get different perspectives, and I hope that continues.”

Gender parity: “We’re not there”
Hughes is direct when it comes to gender balance in the industry – and clear that progress has been too slow. “We try and increase gender parity. We haven’t got it up to 50%, which is what I would love to get to. I think we’ve hit the mid-20s. We aim for mid to upper 20s wherever we can.”
What stands out most to him is the difference in how men and women respond to opportunities. “When we invite men, on average, there’s like a nanosecond – ‘Yep, done.’ When we invite women, it’s a much more analytical assessment. We get a lot more rejections. For men, it’s probably around 90% acceptance, and for women around 50%.”
He’s cautious about overinterpreting the reasons, but the pattern is clear. “There are different value assessments. Sometimes there are more expectations in the workplace. There are a lot of factors here which I’m probably not qualified to comment on – but I do find it interesting that the pressures on women in this industry are much greater. I can observe that.”
At a leadership level, the imbalance becomes even more visible. “It’s more unusual than not to have a woman leading a team of men. And that’s what’s wrong with this industry. It should be as natural as anything else.”
The pipeline, he stresses, is not the problem. “Women account for around 50% of graduates globally. In mathematics and engineering, it’s also about 50%. The feedstock is there.”
And yet the numbers tell a different story. “Only about 6% of pilots globally are women. India has the highest percentage, and it’s around 12%. We should be talking about 12% as the worst country, not the best.”
For him, the conclusion is straightforward. “As an industry, we still have a lot more to do. We have to make it so, that people look beyond gender, age, religion, education, and just look at competency, capability, and attitude. And I think there are industries that really get that spot on. We’re not there yet. That’s one of the journeys that’s still unfinished.”

An industry still in transition
After 44 years, Hughes leaves without any sense that the job is finished – because the industry itself isn’t. “There’s still a lot more to do,” he says. And that, more than anything, is why his departure matters now – and exposes an uncomfortable truth: the air cargo industry has spent years talking about transformation. The next phase will be defined by whether it can actually deliver it.

Why the Women in Air Cargo Awards matter

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There are women running cargo terminals at some of the world’s busiest hubs. Women negotiating significant freighter contracts. Women writing the code that underpins digital cargo booking platforms, and women mentoring the next generation of aviation logistics professionals. Yet ask anyone outside the air cargo industry to picture an air cargo professional, and the image that comes to mind is rarely that of a woman. That is a problem the industry must actively work to correct – and the Women in Air Cargo Awards, hosted by CAAS Int, is one way forward.

Now in its second year, the Women in Air Cargo Awards aims to empower change, celebrate achievement, and shape a more diverse future in air cargo. It does this by giving the floor to those women whose leadership, contributions and dedication are positively impacting the direction of our industry.

Recognizing excellence across the air cargo industry. Image: Eva International Media

Recognizing women in Air Cargo matters
Air cargo is a dynamic, global industry that keeps world trade moving and connects international communities. Historically, it has been male-dominated and still today, global estimates state that around 20-21% of the air cargo and logistics workforce is made up of women – with figures quickly thinning out the further up the ladder you go. Also, unlike its ‘glamorous’ sister industry: the passenger side of aviation – air cargo tends not to be in the forefront of people’s minds when they think of airports and aviation, and therefore isn’t a particularly visible industry to young talents looking to start their career. It is even less attractive to women, as long as female role models are not immediately visible.
The Women in Air Cargo Awards were established with the prime purpose of addressing this imbalance by celebrating the outstanding women who are driving innovation, leading teams, and inspiring future generations.

Inspiration, visibility, and validation
Recognition matters. It boosts morale and self-confidence, inspires others to aim higher, and validates the hard work that often goes unseen. When women are celebrated for their achievements, it sends a powerful message that their voices and talents are valued. This acknowledgment can be the catalyst for broader organizational change, opening doors to leadership roles, mentorship opportunities, and skills development for women everywhere.
Awards create visibility. They put names, faces, and stories in front of the entire industry. They tell the young woman studying logistics at university that there is a career for her here. They tell the mid-level cargo manager that her expertise is noticed and valued beyond her own company’s four walls. And they send an unambiguous signal to industry leadership that talent is distributed broadly – and that the structures needed to harness it must be equally broad.

Spotlight on excellence: who should you nominate?
Often, the most deserving individuals are modest about their achievements – it is therefore up to you to ensure that their names are put forward. Take a moment to think about the women you work with or whose stories you’ve heard. Perhaps it’s a logistics manager who streamlined operations during a crisis, an innovator who implemented new technology to improve efficiency, or a team leader who has advocated for positive change in the workplace. The awards aren’t limited to those in executive positions – talent exists at every level: from warehouse supervisors to customer service representatives to product specialists, ground handlers, data analysts, ramp supervisors, or sales leads, and anyone else who sets the standard others aspire to. You know who she is. Your job is simply to tell us.

Consider nominating women who:

  • Demonstrate exceptional leadership and vision
  • Drive innovation and problem-solving in air cargo operations
  • Mentor and empower other people within the industry
  • Champion diversity, equity, and inclusion in the workplace
  • Show commitment to sustainability and responsible business practices
  • Consistently go above and beyond in their roles, inspiring others through their work ethic and integrity

The Women in Air Cargo Awards exist because recognition does not happen automatically. It has to be deliberate, consistent, and driven by people who care enough to act.

The nominations window is open until 10JUL26, so nominate now. Our industry – and the women who make it exceptional every single day – are counting on you: https://caasint.com/women-in-air-cargo/

THANK YOU!

Exclusive – WFS appoints Malitzke as COO for EMEA

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Eric Malitzke has been named new Chief Operating Officer (COO) Europe, Middle East and Africa (EMEA) of Worldwide Flight Services (WFS). WFS is the leading global handling agent and, since SEP22, member of the Singaporean SATS Group. In his new role, the executive will lead the management and drive the further development of the wholly owned country entities within the EMEA region. In particular, Malitzke will be working closely with regional functional WFS leaders to support the company’s performance and elevate sustainable growth.

His nomination reflects the continued growth of the ground handling agent and its ambition to strengthen operational excellence across a rapidly expanding international network. Malitzke brings over 20 years of international leadership experience in logistics, aviation, airport management and e-commerce. He has held senior positions at the German Parcel Service – Deutscher Paketdienst (DPD), online retailer, Amazon and Integrator, DHL. In addition, he held various board positions in the European logistics sector. Eric Malitzke’s extensive expertise and deep industry knowledge will be valuable assets as WFS continues to advance its strategic priorities in the EMEA region, explains the ground handler in a statement.

Eric Malitzke starts his new duties as COO of WFS for the EMEA region tomorrow morning (30MAR26)  –  courtesy: WFS

The members of the GCC are fastening their seatbelts
In the Middle East in particular, the market – and predominantly the logistics industry – is currently under enormous pressure following the outbreak of the Iran war and the hostilities in the surrounding Gulf region. As a result, passenger and cargo traffic has been widely scaled down, as airspaces were temporarily shut by the members of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). This also torpedoed the business model of the local Gulf carriers, as exemplified by the collapse of the tourist industry in the Emirates, or the stiff cost-cutting program launched by Qatar Airway on Friday 27MAR26.

Challenging starting conditions
Hence, the initial conditions for Eric Malitzke – whose first WFS day in office is 30MAR26 – could hardly be more challenging. However, he has already demonstrated his ability to successfully navigate economical and organizational hurdles during his tenure at logistics firm, Fiege, where he served as Managing Director in Switzerland, as well as at DPD and at Leipzig-Halle Airport, where he headed the management team. At SATS-WFS, he will report to John Batten, who has held senior management positions at WFS since 2015. As made known to CargoForwarder Global, Malitzke will continue to reside privately in southwestern Germany, near the Swiss border, and will conduct some of his many WFS duties from there.

Plus Ultra Líneas Aéreas renews Jettainer contract

Jettainer and Spanish carrier, Plus Ultra Líneas Aéreas, have extended their long-standing partnership which first started a decade ago, when the airline began operating long-haul services out of Madrid to Latin America. Since 2016, Jettainer has supported its growing network with flexible ULD management to ensure containers were available wherever and in the quantity required. Jettainer will continue to manage the airline’s ULD operations while progressively equipping its fleet with advanced IoT tracking technology. The upgrade will deliver real-time visibility and actionable insights across the ULD supply chain, improving efficiency and transparency. With this contract renewal, therefore, Plus Ultra Líneas Aéreas becomes one of the first airlines to adopt Jettainer’s latest IoT tracking solution, developed in collaboration with Trackonomy. The system uses a hybrid model combining LoRa, BLE, and cellular connectivity with meshing functions, creating a self-expanding network that enables smarter, more efficient ULD logistics.

Contract renewed for the next few years. Image: Jettainer

Alejandro Casado, COO and AOC Accountable Manager of Plus Ultra Líneas Aéreas, explained: “Jettainer has supported us for many years along our growth journey and remains the ideal partner to provide first-class ULD services going forward. The proven reliability of the collaboration, combined with the opportunity to further enhance transparency, visibility, and efficiency through cutting-edge IoT technology, were decisive factors in our decision to extend the contract.

Dr. Jan-Wilhelm Breithaupt, CEO of Jettainer, said: “Plus Ultra Líneas Aéreas is a valued and strong airline partner, and we greatly appreciate the trust expressed through this contract extension. With our unique IoT tracking technology, we will further enhance operational performance and continue to deliver best-in-class ULD management services in the years to come.

GGG represents Asiana Airlines Cargo in France and Germany

Asiana Airlines Cargo has chosen Global GSA Group (GGG) as its new General Sales and Services Agent in France and Germany, as the airline seeks to expand its export business in those two key European markets. The agreement not only secures a smooth continuation of sales and operations but also strengthens Asiana’s presence as it moves forward within the Korean Air framework.

Now represented by GGG in France and Germany. Image: Asiana Airlines

With its extensive market network and local expertise, Global GSA Group will handle the airline’s full range of commercial and operational activities – from sales and business development to reservations, marketing, and customer service. It will ensure that full use is made of the airline’s passenger and cargo capacity, to connect European export shipments with destination markets in Asia – particularly South Korea and Japan. Germany’s industrial exports and France’s diverse trade portfolio offer significant air cargo demand, which Global GSA Group will focus on meeting, offering specialized cargo segments and maintaining the expected customer service to the regions’ freight forwarders. The airline and the GSSA are focused on providing dependable, high-quality service and an attractive network of Asian destinations.

Aytekin Saray, CEO of Global GSA Group, underlined: “France and Germany are cornerstone markets for Asian trade flows. Our strength lies in combining deep local expertise with structured capacity management, enabling us to support consolidation flows, optimize sales performance, and deliver measurable results across diverse commodity segments.”

Crane partners with cargo.one to maximize digital benefit

Crane Worldwide Logistics has selected cargo.one to bring greater speed, accuracy, AI and automation to its global quoting and procurement processes across its network in 33 countries. The partnership places cargo.one at the core of Crane’s digital infrastructure, consolidating all buy and sell rates within a single platform integrated with the company’s WiseTech-powered TMS. By adopting cargo.one’s AI-native solutions such as Rate Engine, Quotes API, Live Rates, Live Estimates, Tender Feeder, and AI-powered Quoting, Crane unifies its data foundation and streamlines workflows for its gateway and branch operations. Teams can now access every relevant rate in real time, using specialized quoting tools to generate faster, more precise offers without additional administrative overhead. The platform’s Rate Engine centralizes management of contract, product, and market rates, while the integrated APIs enable seamless, high-quality quoting offers. Beyond operational benefits, cargo.one also supports Crane’s long-term AI strategy, serving as a flexible, data-rich backend for future innovations. Together, the two companies are working to ensure that the freight forwarder’s customers receive fast, professional and efficient service.

Working on Crane’s digital transformation. Image: cargo.one

Brannon Kuykendall, CIO, Crane Worldwide Logistics, stated: “Strong partnerships create real leverage. cargo.one unlocks quoting advantages by providing access to a broad portfolio of live, static, contract, and promotional airline rates in a single platform. As we continue to build AI-driven capabilities, solution providers that act as true partners, offer modern integration methods, and give us the ability to stream data and events in real time, enable our teams to focus on real, tangible innovation for our clients instead of data plumbing.”

Moritz Claussen, Founder & Co-CEO of cargo.one, added: “We are proud to deliver Crane the optimal data foundation and infrastructure that its global operations can fully rely upon. Our collaboration with Crane reflects what we’re seeing across the industry: forwarders need comprehensive data, intelligent automation, and a partner who understands the nuances of their specific business needs.”

Lufthansa Cargo’s Add-on Services are now available online

Lufthansa Cargo has expanded its digital booking system by integrating 5 ‘Add-on Services’ directly into the online booking process, giving customers easier and more transparent access to tailored service options. These modular extras allow shippers to customize airfreight transports with targeted enhancements – from supporting sustainable aviation fuel use to real-time monitoring of temperature-sensitive goods or specialized handling for valuable artwork. The Add-on Services build on Lufthansa Cargo’s established product structure, where customers first select a Product and Speed before personalizing their shipment with additional features. Eventually all available Add-on Services for the chosen route and product are displayed towards the end of the booking flow, with transparent pricing, and can be selected accordingly. The current roll-out includes five services, of which the first three are already possible: ‘Sustainable Choice’ enabling SAF contributions and climate protection offsets; ‘Personal Supervision’ offering escort options for high-value artworks in Frankfurt and Munich; ‘smartULD’ providing real-time temperature and data monitoring. The two other Add-ons; ‘toDoor’ enabling direct bonded warehouse deliveries through Road Feeder Service; and ‘Insurance’ offering extended shipment protection in cooperation with Delvag, are still in integration progress and not yet completely online.

5 little icons denoting 5 new add-ons online. Image: Lufthansa Cargo

Lufthansa Cargo states that with this digital booking improvement, it is meeting customer requests, and making the booking process more flexible, transparent, and responsive to customer needs. “With this portfolio, Lufthansa Cargo serves frequently requested customer needs along the transport chain and provides additional flexibility for designing individual logistics solutions. The modular offering allows customers to expand their bookings with targeted additional services and tailor transport solutions even more flexibly to their individual requirements. Integrating these services into the digital booking process also marks another step in the continuous development of Lufthansa Cargo’s digital customer journey. Further Add-on Services are already in development,” the press release states.

Unilode and SATCO open LAX MRO facility and sign agreement

Unilode Aviation Solutions and SATCO have intensified their partnership with the opening of a new Maintenance and Repair (MRO) facility at Los Angeles International Airport (LAX) and the signing of a long-term cargo net supply agreement. Both companies have jointly invested in the MRO facility in a move aimed at reinforcing both their capabilities and expanding Unilode’s operational footprint across the Americas. Unilode will provide dedicated ULD maintenance and repair services at the LAX facility, to support SATCO’s growing base of installed equipment. The facility will increase service reliability and customer support across the Americas, aligning with Unilode’s global strategy to enhance its MRO network and deliver consistent, high-quality standards to airline and cargo operator customers. In addition to the new facility, Unilode will begin sourcing ULD-related products from SATCO as part of a broader effort to boost supply chain resilience and product performance. The long-term supply agreement underscores both companies’ shared commitment to quality, innovation, and operational excellence. 

Strengthening the partnership between Unilode and SATCO in LAX. Image: Unilode

Janis Balkens, Chief Operations Officer of Unilode, commented: “The opening of the new LAX facility and our decision to integrate SATCO nets into the Unilode network mark an important step forward in our partnership. This collaboration mirrors the successful operating model we have established globally, strengthens our supply chain, and reinforces the strong relationship we have built with SATCO. We value this partnership and look forward to growing together in support of our customers worldwide.

Michael Howell, SVP Operations at SATCO, stated: “We place great importance on long-term relationships built on trust, quality, and shared values. The opening of the LAX facility and our expanded partnership with Unilode reflect our shared commitment to supporting the global air cargo industry with reliable safety-first products, including SATCO’s industry-leading Fire Resistant ULDs and Fire Containment Covers. We are excited about the future of our relationship with Unilode and the opportunities ahead.”

Air China Cargo increases frequencies out of PIK

Air China Cargo has increased its service between Glasgow Prestwick Airport and Chengdu Shuangliu International Airport to daily flights, up from four per week, with effect from 15MAR26. The expanded schedule significantly strengthens Scotland’s airfreight connectivity with southwestern China, a key gateway for regional and international trade. The route plays a vital role in supporting Scotland’s export economy, particularly for high-value goods such as salmon, seafood, and whisky – core commodities in the China–UK trade corridor. The increase in frequency underscores the growing demand for direct air cargo capacity between the two markets.

One Air China Cargo flight takes flight at Glasgow Prestwick Airport as another Boeing 777 Freighter waits for takeoff. Image: Glasgow Prestwick Airport

Glasgow Prestwick Airport’s continued cargo growth follows several milestones, including the recent handling of 25 million parcels at its Terminal E facility alongside partners Royal Mail and EVRi. This expansion has helped create more than 250 direct jobs locally. Prestwick’s contribution to strengthening UK–China trade was also recognized with the “China Welcome of the Year” award at the China Scotland Business Awards. Together with China Southern Air Logistics, which operates four weekly flights, Air China Cargo’s new schedule raises Prestwick’s total direct cargo connections to China to 15 services per week – supporting an estimated GBP 250 million in cross-border trade during 2026.

Ian Forgie, Chief Executive Officer, Glasgow Prestwick Airport, said: “The move to daily flights to Chengdu Shuangliu International Airport reflects the strength of demand for direct cargo connectivity between the UK and China. Prestwick is increasingly recognized by international carriers as a strategic cargo gateway linking the United Kingdom with key Chinese logistics hubs, enabling Scottish exporters to reach major regional markets quickly and reliably.”

Colin Dai, Regional Director, Asia, Glasgow Prestwick Airport, added: “Chengdu is one of the most important logistics hubs in western China, and a critical gateway into the southwestern regions of the country. Daily connectivity enables Scottish exporters to move premium products such as salmon, seafood, and whisky into China while also supporting faster and more reliable imports into Scotland from one of China’s most dynamic manufacturing regions.”

transport logistic/air cargo China bigger and better in 2026

Messe München announced last week that this year’s transport logistic China and air cargo China will be a great deal larger than its predecessors. The event organizers have increased the exhibition space to meet the strong organic growth in demand. With over 600 company registrations already noted, the events are currently expected to attract circa 850 exhibitors. 794 companies exhibited in 2024. As a consequence, Messe München predicts around 40,000 visitors in 2026, which would be an increase of 4,000 on 2024. And the events are drawing a more diverse audience, too, since around 50 countries are expected in 2026. Two years ago, the countries numbered 42.

air cargo China 2024 from above Image: © Messe München

Five country pavilions are currently planned, representing Germany, Singapore, Slovenia, Saudi Arabia and Turkey,” the release explains, emphasizing the growth particularly in the air cargo segment. “To meet rising demand, organizers are adding more hall space. Air cargo will extend beyond Hall W5 into Hall W4, and Hall W1 will be added to provide more exhibition space for the transport logistic segment. […] Hall W3 will present key focus areas including project cargo and tank container solutions, alongside more logistics service providers and forwarders. Hall W2 will center on rail logistics, highlighting the growing relevance of the China Europe Railway Express. Hall W1 will introduce a new focus on road transport and house a Truck Ecosystem Pavilion, organized by Messe Muenchen Shanghai together with G7 Connect to show the innovative future of road transportation. By integrating rail, road, air, sea and project cargo solutions under one roof, the event continues to strengthen its multimodal profile as a key business platform for the Asian logistics market.”

Dr. Robert Schönberger, Global Industry Lead at Messe München, concluded: “The strong exhibitor growth toward 2026 clearly reflects the market’s confidence in both the transport logistic China event and in China as a key logistics growth engine. Participation here means being close to one of the world’s most dynamic supply chain markets. With its clear focus on multimodal solutions and expanding international reach, the event has become a strategic platform for companies looking to unlock long-term opportunities in Asia.”