FREIGHT FORWARDING MARKET ANALYSIS
Technological advancements have empowered shippers to bypass traditional freight forwarders and manage their own logistics and transportation online. This trend towards disintermediation threatens the traditional business model of freight forwarders, who must now adapt by integrating advanced digital solutions to stay competitive.
Market Opportunities: Growth of E-commerce and the Need for Enhanced Logistics Support
The boom in e-commerce has increased the volumes of smaller parcels and non-bulk shipments, demanding additional logistics support. Outsourcing of transportation and warehousing functions continues to rise as manufacturers seek flexibility. Furthermore, the market remains highly fragmented, allowing larger players to gain share through additional mergers and acquisitions.
Freight Forwarding Market Report Snapshots
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