LONDON, Jan. 29, 2015 /PRNewswire/ -- Declining in value by 3.3% from 2012, the freight forwarding market is facing major challenges as it fights to stay viable in a changing global environment.
Trade lanes are shifting as freight forwarders look to emerging markets in Africa, Asia, the Middle East and South America for growth opportunities while at the same time modal shifts are underway. Shippers in search of different options whether it's slow steaming sea freight or quicker but more expensive air freight or a combination of sea and air or even a road/rail solution.
WHAT WILL YOU LEARN FROM GLOBAL FREIGHT FORWARDING 2014?
How big are the individual freight forwarding markets?
How fast is the sector set to grow in the next five years?
Who are the largest freight forwarders in each market?
How are your competitors performing?
What is the market share of the leading companies?
A CHALLENGING MARKET BUT POSITIVE OUTLOOK?
According to the report, troubling capacity concerns within the air and sea freight markets combined with manufacturers focusing away from globalization and towards regionalization are resulting in changes to freight forwarding strategies and product solutions.
While freight forwarders look to new markets and industries, economic forces are underway favouring a return to regionalisation from that of globalisation. How will the affect the freight forwarding market?
Solutions such as multi-modal transportation options will likely be one of the means of survival for this market.
EMERGING MARKETS WILL GROW 6.7% CAGR TO 2017
Dependent on an improving economy, it is expected this market will grow 6.7% through 2017.
Unsurprisingly, emerging markets will be the leaders in this growth as will the sea freight forwarding sub-segment. The heady days of the air freight forwarding market are over as shippers now appear more rational in their approach to transportation management. Still, for high-value goods, air freight is the preferred option for many shippers.
WHO SHOULD BUY GLOBAL FREIGHT FORWARDING 2014?
Global Freight Forwarding 2014 is written to provide easily accessible analysis to:
CEOs and CFOs
Retailers and manufacturers
Supply Chain Strategists
Consultants and Financial Analysts
Logistics Directors and Managers
Marketing Directors and Managers
As well as all C-level executives
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