We face a critical moment in commercial trade and travel as the nation thinks through how to restart the economy and get back to work. While we look forward to the day when we can ease social distancing measures, we clearly must prepare for a new normal. The post-pandemic world is an opportunity to challenge “the way it’s always been done” and leverage emerging technologies to meet today’s and future challenges.
Aside from the recent dramatic decline due to the COVID-19 pandemic, trade and travel are tremendous growth markets. Commercial air travel has grown year over year at a rate of 4 to 8%. Just two years ago, the economic impact of travel accounted for more than 11% of U.S. gross domestic product, contributing $2.5 trillion in total economic output and supporting nearly 16 million jobs.
The trade and travel industries represent massive market opportunities for emerging tech companies, but the complexity and risk associated with them challenges external innovation. Even outside of the COVID-19 context, regulation within these industries — and the desire to work with known, trusted partners because of the critical “no-fail” nature of travel services — make it difficult to implement cutting-edge external solutions.
This is why Trade & Travel is launching its first program on Passenger Screening and Safety — to help bring to market the emerging tech companies that can further the response of these critical industries as quickly as possible.
This program – informed by decades of experience in the industry and government – is designed to help you understand evolving security and safety trends, identify opportunities for your firm and technology to contribute to solutions in this space, and connect you with major industry and government leaders looking to buy or develop new passenger screening and safety solutions.
Dcode has worked with nearly 100 tech companies, driving more than 200 implementations of their solutions into government and millions in new revenue — we know how to help technologies enter new and complex markets effectively.