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Overall, public R&D has a rate of return of 140-210%, they concluded. Crucially, this is a much higher estimate than the 30-70% rates of return economists calculate for private R&D, said Fieldhouse.

At a symposium in Peru, IATA has highlighted three priorities for the global air cargo industry, led by the need to overcome data lying in fragmented systems.

The AI-based simulator takes into account variables such as forecast demand in each region, transport costs and the operational capacity of each warehouse to test various inventory replenishment ...