Global Freight Forwarding Update 2019/2020
Available to download TODAYTi’s Global Freight Forwarding Update examines mid-year market growth, the effect of the US/China trade war and advances in supply chain technologies, providing a comprehensive, up-to-date picture of the Global Freight Forwarding landscape.
The global freight forwarding industry is undergoing massive change – Ti recently reported that the global freight forwarding market contracted by 1.4% in H1 and is expected to contract by 1.3% in 2019 – the worst performance since the global financial crisis. With similar stories within air freight and sea freight, Ti’s mid-year report is essential reading for those seeking to gain an understanding of what is causing this decline and which markets and regions are the most affected.
The report looks at the effect of the US/China trade war on country and market growth, whilst also assessing technology and the role of software providers within the market. Are forwarders still the ‘slow adopters’ of technology as in previous years or are they now adapting and responding to technological advances? Which software solutions are they adopting and how is this affecting the industry?
Finally, the report looks at the digital freight landscape – what are the roles of digital forwarders and digital marketplaces? Which companies offer digital services within the international air and sea freight sector? What technologies are forwarders/marketplaces using and what specific services do they provide? And how are carriers reacting – are they offering their own booking and quotation services?
This report contains:
- Market sizing including H1 growth rates for 2019, full year projections for 2019 and 5 year ahead forecasts
- Detailed analysis of the present and future of freight forwarding
- Ti's market map for the digital freight forwarding revolution
- Comparison of digital forwarders and digital marketplaces
- An evaluation of technology strategies for freight forwarders
- Analysis of the effect of the US/China trade war on country and regional growth
This report contains:
- Market sizing including H1 growth rates for 2019, full year projections for 2019 and 5 year ahead forecasts
- Detailed analysis of the present and future of freight forwarding
- Ti's market map for the digital freight forwarding revolution
- Comparison of digital forwarders and digital marketplaces
- An evaluation of technology strategies for freight forwarders
- Analysis of the effect of the US/China trade war on country and regional growth
Key Questions
- How has the Global Freight Forwarding performed across 2019? Which regions are the most affected? And which regions/countries have experienced the highest growth?
- Is this growth/decline a direct result of the trade war? Or has the trade war merely accelerated these changes?
- US imports appear to have held up reasonably well, but will this last?
- How are forwarders reacting to technological advances? Are they still relatively 'slow adopters' of technology?
- What software solutions are forwarders choosing to adopt? Which offer the most benefits in terms of efficiency, scalability and security?
- What role are start-ups playing within the industry?
Exclusive Highlights
- The global freight forwarding market contracted 1.4% in H1 and is expected to contract by 1.3% in 2019.
- This would be the worst performance in the freight forwarding market since the global financial crisis.
- Chinese export volumes to the US by air and sea look set to fall for the first time since the global financial crisis.
- US importers have so far been reasonably successful in finding substitutes to Chinese products.
- Decisions over software provision are becoming ever more crucial and enable forwarders to differentiate themselves from one another.
- As technology continues to show itself to be a key differentiator, forwarders face crucial decisions over whether to opt for “in-house” or “off-the-shelf” software solutions.
1.0 Mid-Year Market Sizing 2019 - H1 Growth Rates & Projections for the Full Year
1.1 Global Freight Forwarding Market Size & Growth
1.1.1 Global Market Size & Growth
1.1.2 Air Market Size & Growth
1.1.3 Sea Market Size & Growth
1.2 Asia Pacific
1.3 Europe
1.4 Middle East & North Africa
1.5 North America
1.6 Russia, Caucasus & Central Asia
1.7 South America21
1.8 Sub-Saharan Africa
2.0 US-China Trade War
2.1 The Effects of Tariff Impositions on US Inbound Trade Lanes
2.2 Commodity and Country Insights
2.3 Furniture, Bedding, Lamps and Related Products - Vietnam
2.4 Nuclear Reactors, Boilers, Machinery and Related Products - Taiwan
2.5 Electrical Machinery (High Tech) - Vietnam & Malaysia
2.6 Stone, Plaster, Cement and Materials - India
2.7 Conclusion
3.0 Software Solutions
3.1 Introduction
3.2 IT Logistics Software Strategies of Freight Forwarders – Buy or Build?
3.2.1 Buy (Off-the-Shelf)
3.2.2 Build (In-House)
3.2.3 Arguments for Both - Cost Comparison
3.3 Availability of Cloud-Based Solutions
3.3.1 Incumbents Adapting to Cloud Computing
3.4 Conclusion
4.0 The Digital Freight Forwarding Landscape
4.1 The Digitalisation Investment Dilemma
4.2 New Era for Digital Freight Forwarders
4.3 Digital Forwarders
4.4 Digital Marketplaces
4.5 Categorising Start-Ups and Solutions of Incumbents
4.6 Reality of Service Offerings of Existing Digital Marketplaces and Forwarders
4.7 The Future: Increasing Shipper Choice
4.8 Airlines Response to the New Digital Landscape
4.9 Shipping Lines Response to the New Digital Landscape
4.10 Individual Responses
4.11 What does this mean for Forwarders and Carriers?
Andy Ralls is a quantitative analyst at Ti. He graduated from the University of Southampton with a Mathematics with Finance degree in 2014. In his studies, he chose a final year project on actuarial modelling and forecasting and enjoyed modules on statistical distribution theory, financial mathematics and macroeconomics.
Beth Poole is a researcher at Ti. She graduated from Cardiff University with a degree in Criminology and Sociology and a Masters in Social Science Research Methods. Both degrees provided her with a good knowledge and experience in both primary and secondary research which she now applies to her role at Ti. Beth enjoys analysing new trends in logistics and researching the emergence of new technologies. As part of her role as researcher Beth contributes to Logistics Briefing and Ti’s Global Supply Chain intelligence portal.
Gunjan Thukral is Research Project Manager at Ti. She leads research projects and works closely with the team of analysts to decide research technique & methodology. She brings a wealth of logistics research and project management experience having spent more than a decade in the industry previously.
Dila Cebeci joined the Ti team in late 2019, having graduated from the Transatlantic Masters program from the University of North Carolina in Chapel Hill earlier that year. Paired with her Bachelors degree in Interdisciplinary American Studies from the Eberhard Karls University and professional experiences in the new media and communications she has been exploring and solidifying her interest in geopolitics, foreign relations, and international studies. The overwhelming overlap and relevance for the logistics sector has subsequently allowed her to utilise her acquired skills as a Research Analyst at Ti.
Professor John Manners-Bell BA (Hons) MSc AKC FCILT is Chief Executive of Ti, Honorary Visiting Professor at the London Metropolitan University’s Guildhall Faculty of Business and Law and an adviser to the World Economic Forum. He has over 25 years’ experience working in and analysing the global logistics sector.
Ken Lyon is Managing Director of Virtual Partners Ltd and has over 30 years of experience in the transportation industry. Ken specialises in the use of advanced information systems to manage the operations of 3PL (Third Party Logistics), 4PL and Lead Logistics Providers and their trading partner networks. For Ti’s full view of the freight forwarding market you can purchase the Global Freight Forwarding 2019 package, including both Global Freight Forwarding 2019 and Global Freight Forwarding update 2019/2020.
The complete freight forwarding package will grant you access to both reports containing:
Global Freight Forwarding update 2019/2020
- Market sizing including H1 growth rates for 2019, full year projections for 2019 and 5 year ahead forecasts
- Detailed analysis of the present and future of freight forwarding
- Ti's market map for the digital freight forwarding revolution
- Comparison of digital forwarders and digital marketplaces
- An evaluation of technology strategies for freight forwarders
- Analysis of the effect of the US/China trade war on country and regional growth
Global Freight Forwarding 2019
- Market sizing including 2018 and 5-year CAGR growth rates 2018-2023
- Comprehensive profiles of the largest freight forwarding companies
- Top 20 rankings for freight forwarding companies by revenue and volume
- Market and trade dynamics shaping freight forwarding
- Extensive, market-wide, survey-based primary research on digital platforms
- Shipper pain points and decision factors for digital forwarding
- An evaluation of technology in freight forwarding
You can purchase the freight forwarding report package to get access to all these insights and data for just £1,595. A discount of £695 from the price of £2,290 to purchase both separately.
To get this package price please contact Michael Clover, Ti's Head of Commercial Development: +44 (0)1666 519907 [email protected]
This report is perfect for:
- Supply chain managers and directors
- Logistics procurement managers
- Global manufacturers
- Banks and financial institutions
- Marketing managers
- Knowledge managers
- Investors
- All C-level executives