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Editors Note: The following is an excerpt of a research report published recently, The State of Digitization in FreightForwarding 2025. The research, conducted by Adelante SCM and commissioned by Magaya, highlights digitization trends and priorities in the freightforwardingindustry.
Jim has had a 35-year career in marketing and communications, including 25+ within the logistics industry. Jim has worked with both smaller, regional logistics companies and multi-billion dollar global firms, all of whom benefit from his unique combination of marketing expertise and logistics industry knowledge.
Today marks a pivotal moment for the transport industry as Women in Transport launches its second annual Women in Transport Equity Index Survey , a global benchmark for tracking diversity and equity in the transport sector. Equity and diversity are vital to the future of transport, and we’re proud to lead this essential work.”
The transformation of a tech giant and the freightindustry’s current process of digitization share some key principles: whether selling AI tools and consulting or freight, the ability to adopt new technologies by listening to what customers want can be key to any transformation. Neither are freightforwarders. .
Personal shippers and businesses should be taking advantage of the opportunities presented by the existence of freightforwarders. For example, a recent survey of 100 randomly selected people showed that many are not conversant with shipping industry terminologies, let alone the services. So, what is freightforwarding?
With all industries understanding its importance have moved ahead with digital and online platforms, the freightforwarders have also embraced the technology. In a recent survey, it was said that around 92% of freightforwarders are partnering themselves with technology to optimize their processes and to add value to customers.
As noted by DC Velocity , “ most freightforwarders, traders, and shippers expect more disruption in the 2022 third-quarter peak season than they felt last year. The survey also found that although many companies have arranged international shipments early this year, most continue to rely on the spot freight market to move goods.”.
FreightForwarding And Digital Customer Service Five Years From Now. And it does it by going straight to the forwarders. What do forwarders think will happen to freight service by 2022? In a newly-published survey, nearly seventy freightforwarding managers gave us their thoughts on that.
In July, Freightos conducted a survey of over 100 small business importers and exporters, primarily from the United States, who utilize the Freightos.com marketplace for international freight. The survey aimed to explore the impact of these changes on their operations.
The global freightforwarding market has grown by 2.7% in real terms since this time last year, but owing to a continuation of excess capacity issues and lower average oil prices, rates continue to fall in both air and sea freight. Top 25 Global FreightForwarders. DHL Supply Chain & Global Forwarding.
A Gartner, Inc, survey of 260 global supply chain leaders in February and March 2020 found that 33% had moved sourcing and manufacturing activities out of China or plan to do so in the next two to three years. Survey results show that the COVID-19 pandemic is only one of several disruptions that have put global supply chains under pressure.
This year alone, Maersk has accelerated its direct-to-shipper strategy, digital forwarders have raised massive rounds (like Flexport’s billion-dollar injection), and platforms for forwarders and carriers – big and small – have continued to pop up almost daily, at least that’s how it seems. SOURCE: Ti GLOBAL FREIGHTFORWARDING 2019. “We
Logistics Trends & Insights LLC , an Atlanta, Georgia-based consultancy, is conducting its third “Evolving FreightForwardingSurvey, and invites LM readers to participate. Unprecedented change continues in the freightforwarding market,” observes the consultancy’s president, Cathy Roberson. “New
Executives in a new survey, 2018 Agility Emerging Markets Logistics Index, are divided about whether a new pact would help Mexico (24.3%); hurt Mexico (21.8%); or leave trade unchanged (25.7%). 2018 Index and Survey Highlights. In the 50 country rankings, Brazil slips two spots to No. 9, falling below No. GDP growth. GDP gain in 2010.
We have witnessed the greatest transformation to logistics and the supply chain the industry has ever seen over the past few years. Considering the past two years have been extremely profitable in shipping overall, this resulted in an increased interest in the industry by venture capital firms. Conclusion.
Last month, Adrian Gonzalez’s blog post on value-added services for third-party logistics providers (3PL) provided statistical evidence from a survey that supports the transformational trend in the trade and logistics space.
Supply chain executives are braced for a global slowdown and see a threat to emerging markets, according to Agility’s annual survey. Sixty-four percent of industry professionals surveyed for the 2020 Agility Emerging Markets Logistics Index say a recession is likely in the next 12 months. 2020 Index and Survey Highlights.
Flexport – a logistics service provider whose services include order management, delivery, trade financing, insurance, freightforwarding, and customs brokerage – raised $260 million on an uncapped convertible note from Shopify. Skydio, an intelligent drone technology, received $230 million Series E fundraising.
Container xChange has released a Container LogTech predictions report for 2023, which highlights important global trends that the shipping and supply chain industry will witness in 2023. Most of the experts surveyed foresee that inflation and recession will have a greater impact this year and will be the biggest driver of disruptions. ‘‘Due
Shipping and freight professionals want to change their supply chain strategies post-Covid, according to a recent survey. Answered by over 300 Shipping and Freight Professionals across the world, the survey brought out some key indicators that will inform the future course of global supply chains. Find more details here.
As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. Prices for everything and anything are subject to change and freight rates for containers are no different.
IAG Cargo today shared the findings from a global survey of more than 400 freightforwarders in 47 countries on perceptions of the air cargo industry this year. The report, Cargo Next, identifies the key trends and expectations of freightforwarders within the next 12 months.
Revolutionizing the Industry: Discover the Top 3 Logistics Trends for 2023! Image source: Pixabay Everyone who is familiar with the transportation industry understands that things do not always go as planned. The latter is concerned with implementing industry-proven technologies.
To maintain a competitive edge in the shipping and logistics industry, businesses must follow a few best practices to improve freightforwarding customer service. Streamline Payment Management by Auto-Auditing Freight Invoices. Freight invoicing involves maintaining the checks and balances of the shipper.
To maintain a competitive edge in the shipping and logistics industry, businesses must follow a few best practices to improve freightforwarding customer service. Streamline Payment Management by Auto-Auditing Freight Invoices. Freight invoicing involves maintaining the checks and balances of the shipper.
The challenges facing third party logistics providers The survey highlights accuracy, timeliness and cost-effectiveness as the top priorities in goods delivery, named by 57% and 31% of supply chain professionals respectively.
Recognising the enormous pressures facing the logistics sector, skills specialist Seetec Outsource is urging businesses to recruit freightforwarding apprentices to build capacity and start equipping a new generation with the knowledge and skills to face the challenges ahead.
Supply chain industry executives do not foresee a global economic recovery until 2022 or beyond, despite an expectation that Asia, North America and Europe will rebound this year from the downturn triggered by the COVID-19 pandemic. Of 1,200 industry professionals surveyed for the 2021 Agility Emerging Markets Logistics Index, 51.5%
When asked about this for the 2021 MHI Annual Industry Report , 53% of the supply chain professionals surveyed said they are investing in robotics and automation technologies, while 54% are investing in cloud computing and storage. Create a Better Freight Document Processing Strategy With RPA Labs.
In this article, you will learn to recognize and identify the signs that indicate you need to change your freightforwarder, what to consider when changing freightforwarders or logistics service providers and how long it can typically take to successfully implement the change. . Signs you Need a New FreightForwarder.
Zebra Technologies Corporation has announced the results of its ‘Food Safety Supply Chain Vision Study’ The study highlights the views of consumers as well as food and beverage industry decision-makers worldwide from distribution and warehouses to grocery stores and restaurants around safety, traceability and transparency.
A larger share of freightforwarders and supply chain professionals this year in 2023 are expecting disruptions owing to COVID outbreaks in China and the Chinese New Year factory closures as compared to the last year (2022). “We We also asked how the industry is planning for the closures.
C-TPAT survey gives members chance to sound off Are companies who participate in the Customs-Trade Partnership Against Terrorism really achieving tangible efficiencies by partnering with the U.S. CBP turned to the University of Virginia to help design and conduct the survey. government to secure their international supply chains?
The automotive industry’s reliance on its supply chain running smoothly is important to ensure the consistent production of vehicles for consumer and corporate demand, especially considering that most vehicles can contain between 15,000 and 25,000 component parts. How does the industry respond to these challenges?
Agility conducted a transport route survey to identify any routes that might be risky or challenging for drivers. It is one of the world’s top freightforwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a global logistics company with $5.2
Say “freightforwarder” and the first thing that might come to mind would be “forward-thinking,” a market run by visionary leaders who can use predictive analytics to forecast and deliver on new shipper demands. Furthermore, 72% of those forwarderssurveyed failed to quote, thereby missing out on digital business.
The survey, undertaken by Sapio Research on behalf of IMHX 2019, also revealed that 44 per cent of respondents are planning some form of warehouse infrastructure expansion within the next year. The post “Positive Outlook Across 3PL Sector”, says IMHX survey appeared first on Logistics Business® Magazine.
That quote above isn’t fear, gloom, doom or a startup trying to scare the industry into buying a software solution. There’s been a slow, persistent march towards increased digitalization and, yes, increased transparency, in the freightindustry. One of the best examples of how technology can change an industry is US trucking.
imports in 2017 – the fastest rate of growth in more than seven years; yet the industry remains siloed and outmoded. Eytan Buchman, a Freightos vice president, told Logistics Management in an interview that survey responses confirmed what the compnay had long suspected. Department of Commerce data reports a 6.7% Only 11.7%
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), a global leader in uniting logistics-intensive businesses in commerce, released the results of its 8th Annual Global Transportation Management Benchmark Survey of over 630 companies. Descartes and SAPIO Research surveyed 630 participants representing the logistics community (i.e.,
Why Digital FreightForwarding Increases Supply Chain Efficiency. Technology is changing the freightforwardingindustry by streamlining processes that previously took many people and many hours to complete. The Bottom Line is Streamlined.
In the context of cross-industry implementation of flow production and lean production, delivery volumes are shrinking and delivery times are reducing. If companies in industry and retail hope to provide goods at competitive prices now and into the future, their logistics transportation costs must at least remain constant.
The future of the UK’s fast expanding subscription box market (subcom) looks bright if trends in the US are anything to go by – according to a new State of Subscription Commerce survey. The industry is growing at a healthy rate with 65 per cent of enterprises predicting at least doubling sales over the next five years.
Experts predict that in many industries, technology will start working it’s way through managerial and professional positions. Freightforwarders themselves have another concern. FreightForwarders Are Optimistic. Only 2% of industry leaders believe that the industry will be commoditized anytime soon.
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