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Business travel volume will decrease significantly in 2025 amidst US Govt actions: GBTA

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As a result of recent US government actions including tariffs, cross-border policies and entry restrictions, global business travel professionals are newly navigating a complex and uncertain landscape regarding the potential impact on business travel volume, spending and revenue for 2025. According to a new poll conducted by the Global Business Travel Association (GBTA), a significant portion of over 900 global industry respondents are anticipating declines ahead and overall optimism has taken a hit in the last few weeks, reflecting the uncertainty gripping the sector and other industries.

Recent US government actions were defined in the GBTA poll as tariffs on imported products, US entry restrictions for travellers from specific countries, advisories against travel to the US, cross-border policies resulting in detainment risks, and decreased business travel for US federal employees. As a result of these multiple initiatives, the poll reveals that:

  • Less than half of global buyers (44%) anticipate their organization’s business travel spending and volume in 2025 will not be impacted, compared to 25% of travel suppliers who say the same for their business travel revenue.
  • Almost a third (29%) of global travel buyers expect a decline in business travel volume at their companies in 2025, averaging a 21% decrease. Additionally, a fairly large portion of travel buyers (19%) are uncertain about what the impact will be.
  • Related, 27% of buyers now predict a 20% decrease on average in their business travel spending this year. (Notably, with global business travel spending forecast to reach $1.63 trillion USD in 2025, that could represent a potential decline in spending of up to $88 billion.)
  • 37% of travel suppliers and travel management company (TMC) professionals anticipate a decline of 18% on average in related revenue.
  • Because of overall concerns, only 31% of global industry professionals remain optimistic about the overall industry outlook for this year, while 40% are neutral. This marks a significant decline from GBTA’s November 2024 poll where 67% of global industry professionals reported an optimistic outlook for 2025 and 26% were neutral.

“While the outlook for global business travel was incredibly strong coming into 2025, our research now shows increasing concerns and uncertainty within our industry, considering recent actions taken by the US government. Traveling for work plays a vital role in supporting business growth, resilient economies, strong diplomatic ties and valuable connections,” said Suzanne Neufang, CEO, GBTA. “Productive and essential business travel is threatened in times of economic uncertainty or in an environment of additional barriers and restrictions. This undermines economic prosperity and damages the many sectors that rely on global business travel to survive and thrive.”

Neufang added there are two key factors to watch that would influence longer-term impact for business travel: if there’s sustained economic pressure or uncertainty weighing on company budgets and if cross-border travel and global workforce mobility to and from the US are restricted.

The GBTA poll reflects responses from travel managers (buyers), suppliers, travel management companies and other travel intermediaries from across four regions and 45 countries. Additional key findings include:

  • 7% of buyer organizations have revised their corporate travel policies for travel to or from the US since January 2025, and another one-quarter (25%) say they are planning to or will consider doing so in the future. 64% are staying the course.
  • Additionally, up to 20% have or are considering cancelling, moving or pulling attendance from meetings and events located in the US.
  • 10% are planning or considering cancelling employee attendance at US events.
  • When it comes to relocating meetings or events from the US, a total of 14% say their organization has already done so (8%) or is considering it (6%). Companies located outside of the US are three times more likely to relocate meetings to somewhere other than the US.
  • Respondents’ top concerns for long-term impact of US government actions are related to economics ─ namely business travel costs (54%) and potential budget cuts (40%) ─ along with additional travel processing and administration needs such as visas or documentation (46%). This was followed closely by traveler-focused concerns such as employee willingness to travel to the US and increased safety and duty of care (both at 37%).
  • Additionally, when asked if they personally know someone whose trip has been affected by US border or travel policy changes, 23% of global industry professionals say they do.

A total of 905 responses were received by GBTA from global travel buyers, suppliers and other industry professionals across North America, Europe, Latin America and Asia-Pacific, Latin America and Africa and Middle East for the poll fielded 31 March to  8 April , 2025.

 

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Lawrence Blair to lead exciting adventures at Capella Ubud

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Capella Ubud, Bali and Kudanil Explorer have teamed up to offer an exclusive eight-night expedition that takes guests from the heart of Bali to the wild untamed shores of Flores Island. 

Leading this adventure is renowned explorer, filmmaker, and author Dr Lawrence Blair who gained acclaim for the BBC’s Emmy Award-winning series Ring of Fire.

Days will be spent diving and snorkelling in pristine reefs, swimming alongside manta rays, reef sharks, and sea turtles, and trekking across Padar Island’s cinematic landscapes. 

On land, expert rangers lead a rare encounter with Komodo dragons, the world’s largest lizard. 

The journey culminates on Banta Island, where guests sink their toes into pink-sand beaches and celebrate with a sunset beach party, cocktails in hand, as the waves lap at the shore: a fitting farewell to an unforgettable odyssey.

A thrilling trek into the wildness of nature

The voyage begins at Capella Ubud, where guests will be immersed in the soul of Bali, choosing between a jungle trek or a water purification ritual, both deeply rooted in local tradition. 

An exclusive visit to a royal Balinese palace grants private access to meet the High Priest and witness an unforgettable fire dance performance, a ritual that embodies the island’s spiritual and artistic heritage. 

A free day allows for personal exploration, whether strolling through Ubud’s bustling markets or indulging in a restorative Balinese massage. 

As the time in Bali draws to a close, a final dinner at Api Jiwa offers a lively, interactive omakase dining experience before setting sail.

A short flight takes voyagers to Labuan Bajo, the gateway to Komodo National Park, where they board the Kudanil Explorer. Access to the Kudanil Explorer by the cabin is an extremely rare privilege, as this intimate 8-cabin vessel is typically reserved for private expeditions. 

This exclusive journey offers a once-in-a-lifetime opportunity for guests to experience its world- class exploration capabilities, making “Jungle to Sea” an adventure unlike any other.

An explorer in every sense of the word

Lawrence Blair has spent decades unveiling Indonesia’s hidden wonders, traveling alongside legends like Mick Jagger, Jerry Hall, Sir Peter Scott and Richard Dawkins. 

Along the way, he has encountered mystical traditions, untamed landscapes and extraordinary people, stories of which he will share throughout the journey.

He will impart the knowledge he has gained throughout his career to guests as they gather at sunset for storytelling sessions that bring Indonesia’s history and myths to life, set against the starlit sky. 

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Hong Kong International Airport named world’s busiest cargo airport for the 14th time since 2010

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Cathay Cargo congratulates Hong Kong International Airport (HKIA) for being named the world’s busiest cargo airport according to Airports Council International for the 14th time since 2010. This remarkable achievement underscores HKIA’s pivotal role in global air cargo, and Cathay Cargo is honoured to have contributed to this success.

Cathay Director Cargo Tom Owen said: “That Hong Kong has once again been named number one in the world for air cargo is an outstanding achievement and one that stands as testament to the cooperation, innovation and world-leading facilities that our home hub has to offer. As the largest cargo operator at HKIA, we are proud to be part of this success story. ​

“We won’t rest on our laurels, however, and our investments into our fleet, network, facilities and digital capabilities reflect not only our commitment to, but also our confidence in the long-term future of the Hong Kong international aviation and logistics hub. We look forward to continuing to work together with the entire air cargo community, including the Transport and Logistics Bureau, Civil Aviation Department, Airport Authority Hong Kong and other important stakeholders, to innovate and ensure HKIA maintains its position as the world’s best and busiest air cargo hub.”

Cathay Cargo is among the top 10 cargo carriers in the world based on scheduled cargo tonne kilometres (CTK), and number five as a combination airline, according to the latest International Air Transport Association (IATA) 2023 World Air Transport Statistics. In 2024, Cathay Cargo carried a total of 1.5 million tonnes of cargo, 11% more than the previous year, and representing around 31% of the total cargo volume handled by HKIA.

Cathay Cargo provides scheduled freighter services to more than 40 destinations worldwide in addition to utilising belly space on the Cathay Group’s passenger aircraft across its extensive global network.

With its deep roots in Hong Kong, Cathay is firmly committed to the continued growth of the Hong Kong international aviation and logistics hub, with more than HK$100 billion in investments coinciding with the commissioning of the Three-Runway System. As part of this investment, the Cathay Group has commenced taking delivery of over 100 new-generation passenger and freighter aircraft that will join its fleet in the coming years. This includes six new Airbus A350F freighter aircraft, with the option to acquire an additional 20 in the future, which will enhance Cathay Cargo’s fleet capabilities.

Last month, Cathay Cargo was named Cargo Operator of the Year by Air Transport World, further solidifying Hong Kong’s leadership in the industry.

 

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Manila Hotel holds vernissage for Manuel Baldemor’s “Kuwaresma”

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The Manila Hotel held the opening reception for Kuwaresma, a solo exhibition by acclaimed Filipino painter, sculptor, writer, and book illustrator Manuel Baldemor, on Sunday, 13th April.

Currently on display at the hotel’s Art Gallery. Kuwaresma presents a contemplative visual journey through the sacred season of Lent.

The exhibition highlights Baldemor’s vibrant palette, intricate detailing, and deeply symbolic compositions that bring Filipino religious rituals and traditions vividly to life.

Kuwaresma, the localised spin of the Spanish word for Lent Cuaresma, captures the spirit of the 40-day period of prayer, fasting, abstinence, and reflection, echoing Christ’s retreat in the desert.

The exhibition is on until 30th April.

A vivid act of faith

Manuel Baldemor is known for his signature distinctive fusion of folk art, religious imagery, and cultural narratives.

This 38-piece collection, in particular, explores the solemnity and symbolism of Lent, Holy Week, and Easter. 

Baldemor said: “As a painter and sculptor, I want to capture the essence of Filipino life and traditions, especially Holy Week. Kuwaresma is a culmination of my fascination with Lenten folk rituals, particularly the Nazareno procession, whose devotion continues to humble and inspire me.”

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Emirates SkyCargo signs understanding with AirAsia’s Teleport

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Emirates SkyCargo formally signed a Memorandum of Understanding (MoU) with AirAsia cargo partner Teleport. 

The partnership aims to better support the burgeoning trade between Southeast Asia and the wider world, via Dubai. 

The agreement was signed at the currently ongoing IATA World Cargo Symposium in Dubai by Emirates SkyCargo’s divisional senior vice-president Badr Abbas and Teleport chief executive Pete Chareonwongsak. 

Under the terms of the MoU, Emirates SkyCargo and Teleport will work closely on a number of initiatives, which include expanding cargo interline options and block space agreements, to enhance connectivity and boost the reach of ASEAN businesses. 

Necessary for growth

Southeast Asia and the wider Asian continent are the backbone of global manufacturing, particularly for electronics, smart gadgets, fashion and textiles, machines, automobiles and pharmaceuticals. 

The partnership is set to support the world’s shifting supply chains, as Southeast Asia continues building its manufacturing and logistics capabilities. 

Southeast Asia outbound air cargo in 2024 amounted to around 2.5 million tonnes with greater flows expected to the Middle East and Europe, supported by manufacturing expansion, eCommerce, and improved infrastructure.

In recent years, the UAE and Southeast Asian countries have solidified their economic and bilateral relationship, with Comprehensive Economic Partnership Agreements (CEPA) signed between the UAE and Malaysia, Indonesia and Cambodia, with Vietnam and Thailand expected to follow. 

The agreement between Emirates SkyCargo and Teleport supports these prosperous relationships and lays a foundation for further growth, by improving trade flows and generating new opportunities that help strengthen global economies. 

What this means for both regions

Teleport exclusively consolidates the bellyhold capacity of all AirAsia’s short and medium-haul airline operations across Malaysia, Thailand, Indonesia, the Philippines and Cambodia into a single, largest air logistics network in Southeast Asia, together with three dedicated freighter services and 40+ other airlines. 

Combined, this expands Emirates SkyCargo’s reach into over 100 destinations beyond primary, but also into both secondary and tertiary airports in the Southeast Asian region. Conversely, Teleport will benefit from Emirates’ vast global network of over 145 destinations with a particular focus on key destinations in Europe, Africa and the US.

Commenting on the partnership, Abbas said: “For almost 35 years, we have proudly served Southeast Asia, keeping goods flowing quickly, reliably and efficiently. This strategic partnership with Teleport and the AirAsia Group of airlines is an evolution of that commitment, enabling us to better serve our customers with increased capacity, more flexibility and access into new markets in Asia, combined with enhanced connectivity across our vast global network.”

Chareonwongsak added, “2025 is a year of global scale for Teleport as we strengthen our Teleport Network reach and capacity to better meet the growing global demands of eCommerce. Our partnership with Emirates, which is the first of its kind in Southeast Asia for them, is a source of great pride as we collaborate with a leading global partner. This will enable the expansion of both our respective air networks, supporting Southeast Asia’s growing exports and facilitating the movement of eCommerce from China, through our connectivity beyond Southeast Asia, to the Middle East, Africa and Europe. Ecommerce is expected to double its share of Southeast Asia’s air cargo volumes from 11 percent to 20 percent by 2029, driven by lightweight, high-frequency shipments replacing bulk freight and the rise in demand for express delivery. With a shared commitment to provide faster, more efficient, and reliable cross-border air cargo services, this partnership enhances our combined capabilities to capture global market opportunities.”

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Higher costs may lead to decreased traveller numbers for Japan’s Golden Week

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Japanese travel agency JTB Corporation reports that the number of citizens going on domestic trips for Golden Week could drop in the face of a higher cost of living.

Analysts at JTB pointed out that numbers could decrease by around 6.9 percent from 2024’s total, putting the number of vacationers at around 23.45 million.

At the same time, following the pandemic, many Japanese are veering away from holiday crowds, opting instead to take their vacations outside the Golden Week window which covers 26th April to 6th May of this year.

Not quite there yet

JTB also reported that the number of travelers will likely remain at around 90 percent of the pre-COVID level, as domestic travel is down 7.2 percent from 2024’s 22.9 million.

On the other hand, overseas travel for Golden Week is up ten percent from last year, with closer destinations like South Korea and Taiwan gaining popularity due to a weakened yen.

Based on JTB’s most recent survey, planned spending per person for a domestic trip is expected to average US$255 per person, up 1.4 percent from the previous year, while that for a person traveling overseas will average 268,000 yen, down 0.4 percent.

These estimates are based on an online survey conducted last month among 1,846 people who planned a trip of one night or longer between 25th April and 7th May.

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The Advantage Travel Partnership teams up with Princess Cruises for the Latitude Cruise Conference

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The Advantage Travel Partnership announced that it is teaming up with Princess Cruises for its 2025 Latitude Cruise Conference.

The conference team sails on the cruise line’s vessel Sky Princess from 14th to 18th October, embarking in Southampton and disembarking in Hamburg, Germany. 

The Sky’s the Limit is the theme for this year’s conference, and includes three nights on board, as well as shore excursions in Hamburg.

The Advantage Partnership’s commercial director John Sullivan said: “We are thrilled to be working with Princess Cruises for what is our annual hero cruise event and our fourth Latitude Cruise Conference. This event has fast become one of the key conferences in the travel calendar, for members and supplier partners alike. We’re always looking forward, aiming to support any business wanting to grow further in the sector.”

Senior commercial manager for cruise Jonny Peat added: “The attendance for our Latitude Cruise Conferences grows stronger each year and what we have planned for this coming event, with delegates hearing from senior cruise leaders and experts from all sectors of cruise, makes it another unmissable event.

Peat added that the event will inspire and empower individuals to break through barriers, expand their horizons and reach new heights of achievement, as the theme emphasises the limitless potential within each of us.

As such, attendees will be urged to embrace innovation, creativity, and bold thinking in the cruise sector and realise that the sky is truly the limit when it comes to what they can achieve.

Strengthening connections

Commenting on behalf of Princess Cruises, its vice-president for the UK and Europe Eithne Williamson said: “We are thrilled to host the Advantage 2025 Latitude Cruise Conference aboard the magnificent Sky Princess.”

Williamson added that this unique event will not only strengthen connections within the Advantage community but also provide an unparalleled opportunity for delegates to experience the Princess difference first hand.

She said: “By harnessing the collective expertise of Advantage members, we aim to drive exceptional performance in the UK market.”

Peat added that all previous Latitude Cruise Conferences have delivered exceptional return on investment for its cruise partners, noting that the month following the 2024 Latitude Cruise Conference, hosted in partnership with Ambassador Cruise Lines, saw bookings from attending members increase with passenger numbers up by 92 percent and revenues up 77 percent post-event.

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Traveloka signs partnership with Archipelago

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Southeast Asian online travel platform Traveloka recently inked a strategic partnership with leading Indonesian hospitality firm Archipelago. 

This partnership is expected to give travellers access to the best rates for premium accommodations on the Traveloka platform, alongside exclusive promotions and direct access to Archipelago’s hotel inventory on the platform.

Traveloka president Caesar Indra said of the signing: “We’re deepening collaboration with Archipelago to reinforce our focus on delivering value through seamless booking and stay experiences. Our market-leading technology and regional presence allow us to drive greater visibility and deliver tangible results for our partners. At the same time, we continue to improve the travel journey for millions of users on our platform and create meaningful value for the region’s travel ecosystem.”

Access to a wider selection of options

Through this collaboration, Traveloka customers benefit from direct access to a wider selection of accommodations, seasonal promotional campaigns, and exclusive cross-promotional offers. 

For Archipelago, this collaboration supports greater visibility and reach in Southeast Asia’s dynamic travel ecosystem. 

Leveraging Traveloka’s extensive reach and technological infrastructure, Archipelago can enhance customer engagement and drive long-term growth.

Archipelago chief executive John Flood said: “We’ve been partners with Traveloka since their early days, and we’re proud of the journey we’ve shared. This new strategic partnership goes beyond what we’ve done in the past. It deepens our collaboration not just in Indonesia or Asia, but across our growing global footprint. Together, we aim to strengthen distribution, improve pricing transparency, and elevate the booking experience for our guests. We’re excited about the road ahead for both our companies.

Throughout the years, Traveloka has established strong partnerships with over 300 airlines, 2.2 million accommodation providers and more than 90,000 travel activity partners across more than 100 countries. 

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Swissôtel Living makes its Asian debut in Indonesia 

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Swissôtel officially makes its Asian debut with the opening of Swissôtel Living Jakarta Mega Kuningan in the Indonesian capital.

Located in the prestigious Mega Kuningan business district, the new address offers a refined sanctuary for extended stays, where wellness, sustainability and culture converge.

Developed in partnership with PT Tokyu Land Indonesia, Swissôtel Living Jakarta Mega Kuningan reflects a shared commitment to thoughtful urban living.

An appealing cultural mix

Blending minimalist Japanese aesthetics with timeless Swiss sophistication, the property draws on both partners’ strengths: Swissôtel’s mastery of hospitality craftsmanship and PT Tokyu Land Indonesia’s visionary approach to innovative urban development.

Swissôtel Living provides long-term homes and short-term stays that elevate apartment living through the trusted service of Swissôtel. Each residence offers fully equipped kitchens, spacious living areas, and functional bedrooms, allowing guests to focus on what matters, whether work or rest, in a space that feels like home.

This concept embodies the future of extended stays: one rooted in intention, wellbeing and thoughtful design.

An important milestone 

Accor’s chief operating officer in Asia for its premium, midscale, and economy division Garth Simmons expressed his enthusiasm for the opening.

Simmons said:”The launch of Swissôtel Living Jakarta Mega Kuningan marks an important milestone in Accor’s expansion in Asia, strengthening our presence in Indonesia’s dynamic hospitality landscape. With demand for premium extended-stay accommodations on the rise, we are delighted to introduce Swissôtel Living’s distinctive blend of timeless Swiss sophistication, contemporary design, and wellness-focused living. Our collaboration with PT Tokyu Land Indonesia underscores our shared vision of delivering world-class hospitality and redefining refined urban living, further supporting Jakarta’s position as a key destination for travellers.”

Tokyu Land’s director and senior managing executive officer Takashi Ikeuchi likewise reaffirmed the importance of sustainable hospitality.

According to Ikeuchi: “This development reflects our commitment to innovative urban planning, sustainability, and enhancing Jakarta’s infrastructure to create a more liveable and environmentally conscious city. The development also features a garden, providing a green oasis in the heart of the city for guests and residents alike.”

For his part, industry and investment deputy Rizki Handayani Mustafa of the Indonesian Ministry of Tourism opined that the collaboration between Accor and PT Tokyu Land Indonesia in this project highlights a strategic partnership that combines the strengths and expertise of both parties.

Mustafa said: “This collaboration is a concrete example of how the private sector, through strong partnerships, can create positive impacts on Indonesia’s economy, generate job opportunities, and make significant contributions to the development of the tourism industry.”

Jakarta’s newest hospitality hub

The brand’s Jakarta address will offer 240 thoughtfully curated serviced apartments, ranging from studios to one- and two-bedroom layouts.

The spacious apartments include in-room washing machines, and premium Pürovel bath amenities, as well as kitchenettes and functional living areas.

Guests also benefit from excellent connectivity, with direct access to major roads leading to Soekarno-Hatta International Airport and Halim Perdanakusuma Airport, ensuring smooth connections for both international and domestic guests.

Embodying vitality and inspiring purposeful living, the property enhances guests’ well-being with a dedicated wellness centre, complete with a sauna, and serene outdoor swimming pool nestled within lush gardens, providing spaces for relaxation and rejuvenation.

Gastronomy takes centre stage at Embers, an all-day dining destination that celebrates the art of grilling through an open kitchen concept, with panoramic views of Jakarta’s skyline.

Embers transforms every meal into a memorable moment, showcasing a curated menu inspired by the finest ingredients.

The experience is elevated by a bar that redefines traditional drinking with its open, interactive design. It creates an inviting space where guests can engage freely, observe the drink-making process up close, and enjoy a more personal and immersive atmosphere.

Each visit becomes a dynamic journey that celebrates connection, craftsmanship, and creativity.

The art of sustainable hospitality

A pioneer in sustainability, Swissôtel Living Jakarta Mega Kuningan is among Indonesia’s first serviced apartments powered entirely by renewable energy.

This significantly reduces CO₂ emissions whilst reinforcing Accor’s global commitment to environmental responsibility.

Beyond its walls, the project contributes to Jakarta’s broader urban development, including new bicycle lanes along Sudirman Road and infrastructure enhancements to the Mega Kuningan precinct.

 

 

 

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Embraer honours its best suppliers of 2025

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Brazilian aviation manufacturer Embraer recently held its annual awards ceremony for its best suppliers of the year.

Held during the Embraer Suppliers Conference (ESC) which centres on strategic alignment with the supply chain, the awards were given to the most notable firms in ten categories.

These awards also highlighted the collaboration, resilience, and commitment of the partners who contributed to the company’s results. 

According to executive vice-president for global procurement and supply chain Roberto Chaves: “With a strong and aligned Supply Chain, last year proved our ability to deliver ambitious goals and set new records. But shaping the future means staying ahead – by embracing challenges, anticipating risks, applying lean principles with safety first and quality always, and standing together to drive efficiency across our businesses. We shape the future by acting today with collaboration, purpose and vision.”

Shaping a future together

Focusing on the theme Together we shape the future, this year’s ESC highlighted the fundamental role of suppliers as strategic partners in a year of significant challenges, where collaboration and operational efficiency were key to achieving great results. 

As Chaves puts it: “2024 challenged us in many ways, but it also pushed us to achieve more than ever. What lies ahead holds even greater potential;and, with this exceptional team, we’re ready to unlock it.”

Awardees also became part of the Suppliers Advisory Council (ESAC), a strategic committee in which suppliers and Embraer’s senior leadership collaboratively discuss market trends and business opportunities to strengthen partnerships and drive mutual growth.

This year’s honour roll is as follows:

  • Indirect Supply Category: NUMEN, Brazil
  • Standards & Materials Category: HEXCEL, United States
  • Subcontract Category: FASTWORK, Brazil
  • Structures Category: KAWASAKI, Japan
  • Interiors Category: F/LIST GMBH, Austria
  • Electrical & Electronic Systems Category: GARMIN, United States
  • Mechanical Systems Category: GE AEROSPACE, United States
  • Program Development Category: ASE, Italy
  • Services & Support Category: FOKKER Services, Netherlands
  • Outstanding Collaboration Category: FACC, Austria

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