Freight forwarding plays a crucial role in global trade and logistics. Freight forwarders have extensive networks and contacts worldwide. They help shippers navigate customs regulations, import or export restrictions, and other legalities, saving time and preventing costly mistakes. AR and VR technologies are being explored for tasks like remote inspections, training, and simulating complex logistics operations. IoT devices like GPS trackers and sensors are being used to provide real-time visibility into the location, condition, and status of shipments. It helps in better planning, tracking, and management of cargo.
The global freight forwarding market was estimated to reach $186 bn in 2021, which will mark a growth of CAGR at 3.3 percent in the forecast years till 2028. International trade volume is one of the main drivers of change in the freight forwarding market and is influenced by the growing number of trade agreements between developing nations. Increasing e-commerce activities have resulted in increased freight forwarding market growth, thanks to the development of e-commerce. Integrated services provided by freight forwarders are another factor contributing to market growth. A wide range of services available facilitates the expansion of freight forwarding. The increasing cross-border e-commerce is propelling the development of the freight forwarding market.
This edition of Logistics and Transportation Review APAC brings insights into the latest advancements in freight forwarding and how companies align with the current trends to improve efficiency and productivity.
It features a thought leadership article from Amanda Heatley, National Logistics and Warehouse Manager at Godfrey Hirst, who sheds light on how warehouse management systems provide live tracking of retailers' goods and how it significantly improves businesses. It also features an article from Rob Segsworth, Vice President / Head of Land Transport Canada at DB Schenker, who emphasizes the importance of how shippers must appreciate the value of partnerships and ensure that their carrier partners or transportation service providers are available when the cycle shifts and the market becomes less favorable.
In this edition of Logistics and Transportation Review APAC, we also bring you the story of top freight forwarding companies delivering advanced technologies to ensure smooth delivery throughout the supply chain.
In this edition featuring the Top Freight Forwarding Services Providers in Vietnam 2023, we hope you find the right partner to foster innovation and technologies that are helping to streamline operations and improve efficiency and customer experience.
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