BOEING forecasts robust demand for freighters to support supply chains

Boeing Commercial Market Outlook (CMO) 2022-2041 stated there will be robust demand for dedicated freighters to support global supply chains and growing express networks. As per reports, “Carriers will need 2,800 more freighters, including 940 new widebody models in addition to converted narrow-body and widebody freighters during the forecast period.” It stated “Boeing CMO is expecting 1,855 freighter conversions over the period. Following a 10 per cent decline in 2020, air cargo traffic bounced back strongly from the initial impact of the pandemic, posting an annual growth rate of 21 per cent in 2021. Boeing forecasts air cargo will increase at an average compound rate of 4.1 per cent per year over two decades. This is an increase over 2021 forecast of 4 per cent,” states the update. Robust growth in East Asia, acceleration of global ecommerce and evolution of supply chains drive growth in next 20 years.”