Global freight forwarding market sees rapid growth in 2017 as large forwarders seek to transform themselves from within
- The global freight forwarding market grew by 8.0% in 2017 - a rapid expansion compared with recent years and the biggest annual gain since 2010
- The forwarding market and its largest players are embracing technology as they seek to transform their operations from within
- The entry of tech forwarders' - including digital forwarders and spot market platforms - has driven the largest forwarders to enhance their own technology usage and the capabilities they offer to shippers
- Customer-centricity is at the top of the agenda as the world's largest freight forwarders look to drive efficiency and establish new routes to market.
At 8% the global freight forwarding market grew at its quickest annual pace since 2010. This was driven by strong growth in both air and sea freight which both saw year-on-year increases, while forecasts reveal that sea freight is positioned to continue healthy growth over the short- to medium-term.
The changing role of freight forwarders in 2018
Perhaps more than ever, freight forwarding stands at a crossroads with forwarders large and small facing significant challenges and threats in a market characterized by strong growth and abundant opportunity.
Meeting the challenges and overcoming the threats requires forwarders embrace technology, drive scale and efficiency in their operations, and truly put shippers at the centre of their operations. These same drivers are also the clearest route forwarders have to capitalizing on the opportunities in today's market. As such, Global Freight Forwarding 2018 examines in detail the strategies and technologies the world's largest forwarders are using to position themselves for the future.
New in Global Freight Forwarding 2018
Alongside the publisher's Global Freight Forwarding market sizing, which for the first time includes 5-year compound annual growth rates (CAGRs) for the 2017-2022 period, is an in-depth analysis of the opportunities SMEs offer forwarders. It has long been an ambition of many of the world's largest air and ocean forwarders to win additional business from SMEs. And with the widespread rollout of online freight quotation and booking platforms, there has been a renewed forwarder focus on SMEs.
- DB Schenker Logistics
- DHL Global Forwarding
- Kuehne + Nagel
Key Topics Covered
1. Key Findings
2. Global Trade & Vertical Sectors
3. The Changing Role of Forwarders
4. Market Sizing
For more information about this report visit https://www.researchandmarkets.com/research/v8lf3b/global_freight?w=4