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Worldwide Freight Forwarding Industry to 2026 – Asia-Pacific is Anticipated to Witness High Growth


Dublin, June 10, 2021 (GLOBE NEWSWIRE) — The “Freight Forwarding Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period. The growth in international trade volumes is a major driver for the freight forwarding market. Moreover, the rise in trade agreements between countries is also contributing to the growth of the market. Asia-Pacific is the fastest growing and the largest market for freight forwarding, with the Chinese freight forwarding market holding the maximum share.

Being non-asset based, the sector is facing high competition from other players in supply chain and technology-based companies which are disrupting the freight forwarding market. The market is one of the sectors that were hit the hardest by the COVID-19 outbreak in 2020. With the lockdown in many countries and a major focus on the production of essential products, the volumes of air and ocean freight have fallen significantly in 2020. However, the market is now recovering backed by the manufacturing and e-commerce industries; especially the air freight forwarding market with significant thrust during the period as reported by the International Air Transport Association (IATA) in January 2021.

Key Market Trends

Sea Freight Forwarding to experience high growth rate through the forecast period

The global sea freight forwarding market is booming, owing to the growing internet penetration, increasing purchasing power parity, developments in infrastructure (ports, containers, and ships with new technologies), and services designed particularly for the e-commerce industry.

Sea freight forwarding is preferred by several end-user industries, and several strategic partnerships are also likely to promote the growth of sea freight forwarding during the forecast period. The growing global cross border e-commerce market is also driving the less-than-container load (LCL) volume and is positively impacting the sea freight forwarding market growth.

Factors, such as the growing trade volume in European trade routes, the increasing container port throughput, and the rising number of FTAs will significantly drive sea freight forwarding market growth in this region during the forecast period.

Germany and the United Kingdom are the key markets for sea freight forwarding in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Asia-Pacific is anticipated to witness high growth through the forecast period

The global logistics industry is going through an uncertain period due to COVID-19. The Asia-Pacific market is one of the few regions that are still growing despite the pandemic.

For the freight and logistics market, Asia-Pacific is the fastest-growing region, globally. This is due to the increasing logistics in ASEAN countries and the presence of major economies, like China and India. Additionally, the high government support for the logistics sector in the region is also a factor boosting the industry growth.

China is the largest manufacturer in the region and in the world, with an increasing demand for pharmaceutical products and essentials. China reopened its factories way before other countries, as a result, it is still leading the freight forwarding market, globally.

Also, leading countries in the region are observing faster technological integration in the logistics process. In India, 80% of freight moves by road, and the trucking industry is adopting industry-leading tracking technology to trace and predict the exact delivery times. Thailand is incorporating IBM and Maersk’s blockchain project to streamline its shipment monitoring processes.

Competitive Landscape

The global freight forwarding market is made up of large number of players. However, the top 20 players dominate the market accounting for more than 50% of the total market. Leading players in the market include DHL Global Forwarding, Kuehne + Nagel International AG, DB Schenker, DSV and Expeditors International.

As the freight forwarding market is growing steadily and there exists abundant opportunity, the players need to embrace technologies, become more digitized, and increase the scale and efficiency of their operations. Having a strong network spanning across the globe is important for companies. As the industry is highly competitive and witnessing huge transformations, the companies need to develop specialized solutions to improve customer experience.

Companies are constantly under pressure to minimize cost and optimize operational efficiency. In the wake of investment shifts and diversification of global supply chains, international investors are increasingly interested in mergers and acquisitions in the ASEAN logistics market. Global logistics companies have been expanding in the ASEAN region, because of the increase in commerce and trade activities. As such, investment opportunities for the sector have been increasing accordingly.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Value Chain/Supply Chain Analysis
4.3 Government Regulations and Initiatives
4.4 Technological Trends and insights on E-Freight Forwarding Market
4.5 Insights on E-Commerce Industry in the Region (Domestic and Cross-Border)
4.6 Spotlight – Freight Transportation Costs/Freight Rates
4.7 Brief on Freight Transport Corridors
4.8 Impact of COVID-19 on the Freight Forwarding Market

5 MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints/Challenges
5.3 Market Opportunities
5.4 Industry Attractiveness – Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitute Products
5.4.3 Bargaining Power of Buyers/Consumers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry

6 MARKET SEGMENTATION
6.1 By Mode
6.1.1 Air Freight Forwarding
6.1.2 Sea Freight Forwarding
6.2 By Geography
6.2.1 North America
6.2.1.1 United States
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.2.1 Germany
6.2.2.2 France
6.2.2.3 United Kingdom
6.2.2.4 Netherlands
6.2.2.5 Italy
6.2.2.6 Rest of Europe
6.2.3 Asia-Pacific
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 Australia
6.2.3.4 India
6.2.3.5 Singapore
6.2.3.6 Malaysia
6.2.3.7 Indonesia
6.2.3.8 Vietnam
6.2.3.9 South Korea
6.2.3.10 Rest of Asia-Pacific
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Chile
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 South Africa
6.2.5.2 United Arab Emirates
6.2.5.3 Saudi Arabia
6.2.5.4 Qatar
6.2.5.5 Rest of Middle East & Africa

7 COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration, Major Players)
7.2 Company Profiles
7.2.1 DHL Supply Chain & Global Forwarding
7.2.2 Kuehne + Nagel International AG
7.2.3 DB Schenker
7.2.4 DSV
7.2.5 Sinotrans
7.2.6 Expeditors International
7.2.7 Nippon Express Co., Ltd.
7.2.8 CEVA Logistics
7.2.9 UPS Supply Chain Solutions
7.2.10 Kerry Logistics
7.2.11 Bollore Logistics
7.2.12 C.H.Robinson Worldwide Inc.
7.2.13 GEODIS
7.2.14 Yusen Logistics/NYK Logistics
7.2.15 Agility Logistics*

8 FUTURE OF THE MARKET

9 APPENDIX
9.1 Freight Volume Movement Statistics for Key Countries

For more information about this report visit https://www.researchandmarkets.com/r/pxkycg


        



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DHL Global Forwarding SA appoints new managing director


Clement DHL DHL Global Forwarding, the leading international provider of air, ocean and road freight services has appointed DHL veteran, Clement Blanc as Managing Director for its business in South Africa, one of the key markets for the logistics giant in the fast-growing region. Blanc reports to Amadou Diallo, CEO, DHL Global Forwarding, Middle East and Africa.

With more than two decades of experience in the industry, Blanc spent more than 18 years of that with DHL Global Forwarding – largely based in Asia Pacific where he took on a range of roles including business management, account servicing as well as key trade lane management. Prior to joining the team in South Africa, Blanc was the Managing Director for Vietnam, Cambodia and Laos, a role he held from 2011 to 2019 where he led the business to achieve a triple-digit growth in revenue. He first joined the team in Vietnam in 2009 as Head of Commercial, and in 2011, was promoted to Managing Director given his instrumental role in clinching key business wins.

Amadou Diallo, CEO, DHL Global Forwarding, Middle East and Africa said, “Clement is a great colleague whom I have had the wonderful pleasure to work with and it gives me great assurance knowing that he will steer our business toward continued growth. Whilst the world’s economy has somewhat faltered in 2020, signs of recovery are popping up with production restarting in several countries on the African continent. I’m confident that our South African business is in good hands led by a veteran like Clement.”

Blanc’s career in DHL started in Shanghai, China back in 2001, where he was trade lane manager for the Middle East and Southeast Asia. He was subsequently promoted to take on the role of branch manager in Wuhan and Beijing respectively, and in 2009, he held a brief stint in the regional office in Singapore, as intra-Asia trade lane director.

Clement Blanc, Managing Director, DHL Global Forwarding South Africa said, “South Africa is still reeling from the impact of the pandemic, but DHL has maintained a strong position globally as well as in the country thanks to our strategic focus on digitalization and our core service offerings. I’m proud to lead a team of dedicated professionals here, and I’m convinced that we are in the best position to continue supporting our customers.”

As part of its endeavor to cater to market demands, DHL recently launched a first-of-its-kind Automotive Competence Center (ACC) in the key automotive hub of Port Elizabeth where the entire automotive value chain is based. The ACC provides a comprehensive suite of reliant and compliant end-to-end logistics solutions such as air, ocean and multimodal options, origin freight consolidation, destination freight management, waste management, reverse logistics, inbound-to-manufacturing service for component manufacturers, customs clearance, in-plant logistics, sequencing and just-in-time delivery.

Over the years, DHL has also invested in a series of digitalization solutions and earlier this year, it launched myDHLi – a fully-integrated platform which gives customers full visibility and control over all shipping and transport modes, 24 hours a day, seven days a week. The company also remains committed to its zero logistics-related carbon emissions goal, and most recently announced that it will neutralize the carbon emissions of all less-than-container load (LCL) ocean freight shipments from January 1, 2021.



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International Forwarding Coordinator – Echo Global Logistics


At Echo we are committed to help our Associates grow their career. Apply today and grow with Echo!

Echo Global Logistics is a leading provider of technology-enabled transportation management services. As a third-party logistics provider, we simplify transportation management for our clients and carriers, handling crucial tasks so they can focus on what they do best. From coast to coast, dock to dock, and across all major transportation modes, Echo connects businesses that need to ship their products with carriers who transport goods quickly, securely, and cost-effectively.

 

 

 

Position Overview: 

As an Account Executive, you will strive to go above and beyond customer expectations every day. Partnering with your team, along with the Sales department, you will schedule, book, and track each shipment to its completion across all modes of transportation (TL, LTL, Partial, Flatbed, etc.). This includes verifying timely pick-ups and deliveries, resolving issues, and approving invoices with a sense of urgency to any discrepancies. 

  

We trust you to drive efficiency for the overall book of business by analyzing and executing new strategies for increased growth and profitability. You will maintain current operating procedures, updating when necessary, and review past sales activity for historic trends and expectations. In addition, you will be responsible for managing day-to-day relationships with key carriers and developing agreeable resolutions for any problematic carriers. 

 

You..

  • Are always one step ahead, looking for creative ways to improve old processes 

  • Have mastered the ability to build and maintain strong client partnerships 

  • Possess the ability to communicate at all levels and with a wide range of personalities 

  • Can solve any problem that’s thrown your way 

  • Are always ready for the next challenge 

 

We..

 

  • Value collaboration, intellectual honesty, go-getters, positive energy, and we never stop seeking ways to get better 

 

  •  Put our customers’ needs into everything we do 
  •  Care about your career development as much as you do 
  • Offer competitive compensation and benefits packages, challenging projects, company-wide events, co-workers you will actually like working with, and a sense of community you won’t find anywhere else 

 

Requirements: 

  • 1 year logistics or relevant experience
  • BA/BS Degree highly preferred but not required
  • Proven track record handling customer issues
  • Ability to and proven track record to multiple task in a fast paced environment
  • Excellent communication (written/verbal) skills

 

 

Work environment/physical demands summary:

This job operates in an office environment and uses a computer, telephone and other office equipment as needed to perform duties. The noise level in the work environment is typical of that of an office with an open seating floor plan. The employee may encounter frequent interruptions throughout the work day. The employee is regularly required to sit, talk, or hear.

 

 

 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, status as a qualified individual with a disability, or Vietnam era or other protected veteran. 





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