Hong Kong International Airport (HKG), one of the leading air cargo hubs in the world, has outlined three critical focus areas to scale up in the near to medium run. This includes cross border e-commerce shipment, high-value cargo and improvement in regional services. Cross border e-commerce is believed to be growing exponentially and will touch $1 trillion mark by the end of 2020.
The HKG authority has planned to add new elements to its operational profile which includes an expansive logistics center covering 380,000 square meters which will commence operations in 2023. Alibaba’s logistics arm, Cainiao Network, will be partnering in the creation of this facility which will facilitate shipment of a humungous amount of parcels every year. Global logistics giant DHL is also expected to expand its existing facility at the airport. The airport is also giving a facelift to its cold chain facilities to register better throughput in high-value cargo segment.