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The ongoing surge in e-commerce activities has significantly contributed to the expansion of global trade, with projections indicating its continued growth in the foreseeable future. As a result, the freight forwarding market is primarily propelled by the increasing volume of international trade. According to forecasts, the Global Freight Forwarding Market is anticipated to experience a compound annual growth rate (CAGR) of 4.16 percent during the forecast period (2023-2028), with its value expected to rise from USD 168.99 billion in 2023 to USD 207.19 billion by 2028.
The e-commerce business has compelled freight forwarders to use digital technology to meet the escalating customer demand. Aiming to prompt delivery of goods or products to clients, they deploy artificial intelligence (AI), the Internet of Things (IoT), and other technologies. As a result, the global growth of the e-commerce sector fuels the development of the digital freight forwarding market.
In order to bring forward these significant industry advancements, Logistics and Transportation Review illustrates how companies are leveraging the latest technologies to augment freight forwarding operations and meet the expectations of businesses. In this edition of Logistics and Transportation Review, we present some of the top freight forwarding service providers who provide their clients the best freight forwarding outcomes. For instance, featured company Atlantic Forwarding Group, a global freight forwarding company with over 30 years of experience, has been making waves with its innovative approach to customer service, industry-specific solutions, and end-to-end service offerings.
This magazine also includes insightful opinions of Phil Shaw, Vice President, Centres of Excellence, GXO Logistics, Inc., and Tony Trocki, Vice President of Transportation, Evans Distribution Systems, who shed light on how automation is becoming integral to supply chains and current trends of automotive logistics. We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.
