The
global freight forwarding market has evolved significantly in the last decade,
largely owing to newer business models and the adoption of new–age technologies
across the value chain. PGA Labs recently launched a report that identifies
developments in the Indian freight forwarding segment and covers the various
business models existing in this space.
“There
are four broad business models in freight forwarding which differ in their
value proposition namely, traditional freight forwarder, digital marketplace,
SaaS provider, digital service provider” the report titled ‘Freight Forwarding
Industry’ noted.
The
report also identified a few macroeconomic trends in the space-
- Global
economic growth decelerated against a backdrop of lingering trade tensions
between North America and China and high policy uncertainty.
- Global
merchandise trade contracted as manufacturing activity slowed over the course
of the year
- Developed
and developing economies alike were affected, reflecting the continued trade
tensions between China and the United States