The world is facing an upward trend in the freight forwarding sector due to the vast changes in trade and business trends. With Asia-Pacific holding the greatest growth acceleration with an expected compound annual growth approximate to 6.1%, it certainly is necessary to explore this industry considering its multi-billion dollar value.
What spikes this growth?
International Trading & E-commerce
It is of no doubt that we have witnessed an increase in demand due to various factors including pandemic reduced restriction and the economic refreshment. This led to the demand recovery after how economically tiresome 2020 was for the logistics industry. In fact, the world international trade is being significantly impacted with the growth of e-commerce and direct-to-consumer e-commerce logistics whereby the throughput index has been witnessing a 1.7% growth from January to April this year. All of those positive trends could definitely stand as major factors behind the increased demand on freight forwarders.
All-in-One Service Provider
Freight forwarders provide multiple services at a time. Those services could be distributed to actual logistics facilitation, helping clients get the best route and carriers, ease the supply chain and logistics management and many others.Therefore the ability to respond to uncertainty, interpret the customer’s needs and generate rapid solutions are all indicative of this growth. And in a business world as complicated as this era, it definitely comes handy for an intermediary to handle all the hassle for you.
Freight Forwarding Technologies
Technology has made it again. Freight forwarding has never been easier with all the automated facilitations solved digitally. Clients can generate their quotes, contact us directly, book a consultation session, and easily track shipments therefore giving forwarders competitive advantage and further facilitating the logistics process.
Final thoughts..
The industry is definitely full of uncertainty and events, yet with all the global business routes and emerging trends there seems to be a level of universal agreement that an industry is booming as this shall not only sustain the current demand, but even grow it further especially with services as necessary as the freight forwarding. Request a quote now and let us handle the work for you!