Freight Forwarding Industry

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