The freight forwarding industry’s progress in technology innovation has accelerated significantly, especially due to the rising demand for enhanced user experience. From implementing AI for intelligent planning of routes to utilizing IoT for seamless tracking of goods, freight forwarding companies are fast revamping their workflows to deliver better services. In the wake of their improved experience-focused offerings, the global freight forwarding market size is expected to grow at a CAGR of 3.5 percent to reach $220.34 billion by 2026.
Blockchain is the most notable among the technologies that are enhancing freight forwarding workflows. Blockchain is bringing more transparency and eliminating fraud. Traceability is also improved significantly as the data entries on the blockchain platform are time-stamped and visible to all parties.
To put the spotlight on such key developments in the industry, Logistics and Transportation Review illustrates how freight forwarders are leveraging the latest technologies to enhance the administrative tasks of shipping and augment the delivery speed. This edition features thought leadership articles from subject matter experts on the ongoing trends, best practices, and recent innovations. Some of the exclusive insights are authored by Peter Schellenberger, VP of Supply Chain at Thome Ship Management, David Bozeman, Vice President at Amazon Transportation Services, and Christopher Nichols, Director OT/IT Resiliency and Support at Stanley Black & Decker, who shed light on topics such as the intersection of technology and transportation, enhanced security for IT/OT convergence in supply chains, and the utilization of best practices for improving global logistics.
In this edition of Logistics and Transportation Review magazine, we also bring to you the story of some of the top freight forwarding service companies that are facilitating unparalleled workflow optimizations for OEMs and shippers. In the list, CN Logistics International Holdings Limited stands out for its tailored, state-of-the-art logistics solutions for shippers and consignees. We also bring you the story of Interfreight Logistics, which is proving to be a valuable and reliable business partner for producers and shippers.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the freight forwarding segment. We would like to know your thoughts.
