The value of the global logistics market is expected to reach $12,975.64 billion by 2027, with a CAGR of 6.5% from 2020 to 2027. Surviving the past couple of years has been quite challenging for the logistics industry due to various whopping disruptions. With changing customer expectations, technological breakthroughs,
The emergence of the freight forwarding industry dates back centuries ago, however, with a much simpler structure and roles. It came into existence when firms in England, that as Thomas Meadows and Company Limited pitched in to arrange cabs and carriages for the transportation of goods by contracting with
For businesses, challenges are never-ending. Challenges keep businesses on their toes and prevent them from getting complacent. When constantly challenged, you could zoom ahead or crumble, depending on your company’s preparedness. One such endless challenge for forwarders is – competition. For freight forwarders, the competition is not just from
“Whenever you see a successful business, someone once made a courageous decision.”― Peter F. Drucker. While decision-making can be tough, it is a major contributor to an organization’s sustained growth. Making the best decisions is never easy. And that’s also the reason why only a few companies find path-breaking
There is no question that the demand for freight forwarders will always be present. Customers continue to place demands and logisticians and freight forwarders are required to fulfill them. Time and again, forwarders aim to optimize their methods to get favorable results in their top line. There is no
