Since the pandemic’s onset, an increase in demand for freight services has become evident owing to the rise in e-commerce. The global freight forwarding market is estimated to reach $20.63 billion by 2027, according to recent market estimates. The market analysis also predicts that the growth will take place at a CAGR of 24.2 percent during this period.
Freight forwarders have been adapting to the changing times brought on by the pandemic, moving away from traditional processes and toward digital solutions that are faster and more responsive. Adoption of recent trends such as artificial intelligence and the Internet of Things (IoT) for better traceability assists businesses in mitigating disruptions and has accelerated this digitization to a new level. Another factor for this growth is the increasing use of systems like maritime Automatic Identification System (AIS) to get precise tracking data.
To put the spotlight on such key developments in the industry, Logistics and Transportation Review illustrates how companies are leveraging the latest technologies to augment freight forwarding operations and meet the expectations of businesses. The edition features thought leadership articles from Dave Bozeman, Vice President, Amazon Transportation Services and Dan Rasmussen, Senior Vice President, Hughes Network Systems, who shed light on adopting a customer-oriented approach to build and optimize the global supply chain and enhance intelligent IP traffic flow.
In this edition of Logistics and Transportation Review, we also present to you some of the top freight forwarding service providers who provide the best freight forwarding outcomes for their clients. The list includes Mazi Logistics, a company that excels in offering first-rate freight forwarding services to organizations that satisfy all of their modern shipping needs.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the freight forwarding industry. We hope you find the appropriate freight forwarding services provider to meet your logistics and cargo delivery needs in this edition. Let us know your thoughts!
