#freight forwarding market

[pranalipawarshinde]

Freight Forwarding Market Comprehensive, Analysis, Insights and forecast 2024-2033

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The freight forwarding market was valued at USD 219.5 billion in 2023, and it is anticipated to grow at a CAGR of approximately 3.75% during the forecast period.

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Freight forwarding is organizing, coordinating, and shipping goods from one place to another across international borders through a single or multiple carriers. The shipment of the goods occurs through land, air, or sea. The company responsible for organizing the shipment is known as a freight forwarder. Freight forwarders manage the benefits and risks of shipping nationally and internationally by performing the required tasks, including container tracking, freight rate negotiations, freight consolidation, and customs documentation. Moreover, freight forwarding comprises numerous stages, such as export customs clearance, export haulage, import customs clearance, origin handling, destination handling, and import haulage.

Market Drivers and Trends

A surge in international trade volumes is one of the primary drivers of the growth of the freight forwarding market. An increasing number of trade agreements, especially among emerging economies, is a key factor driving the growth of international trade. Additionally, a booming e-commerce market has helped augment trade activities, resulting in increased freight forwarding market growth.

Further, integrated services offered by freight forwarders are another key factor responsible for the growth of the freight forwarding market. Besides transporting cargo, freight forwarders also provide other integrated services such as packaging, insurance, and documentation. Thus, the availability of a wide range of services has also resulted in propelling the growth of the freight forwarding market.

Market Restraints and Challenges

In the past, the story of manufacturing was globalization. But, in recent years, manufacturers have begun to move production closer to home. This means new or expanded local facilities, which makes the opportunity to upgrade to smart factory infrastructure at these facilities irresistible. People have witnessed many global supply chain disruptions in the past, such as an earthquake & tsunami in Japan, floods in Thailand, a US-China trade war, and the COVID-19 pandemic. The push for reshoring to minimize supply chain disruption started long before COVID-19, but it accelerated significantly during the pandemic as the importance of supply chain resilience came to the forefront. Thus, the rise in reshoring and nearshoring manufacturing is projected to create challenges for the global freight forwarding market.

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Global Freight Forwarding Market Segmentation

By Service

Transportation and Warehousing

Packaging and Documentation

Value-added Services

By Mode of Transport

Land Freight Forwarding

Sea Freight Forwarding

Air Freight Forwarding

By Customer Type

B2B

B2C

By End-use Industry

Retail and E-Commerce

Manufacturing

Healthcare

Automotive

Others

Major Players in the Global Freight Forwarding Market

The key players studied in the global freight forwarding market are CEVA Logistics (The Netherlands), Deutsche Post DHL Group (Germany), Dimerco Express Corporation (Taiwan), DSV A/S (Denmark), FedEx Corporation (US), Kuehne + Nagel Management AG (Switzerland), MGF (Canada), Nippon Express Co., Ltd. (Japan), Schenker AG (Germany), and United Parcel Service of America, Inc. (US).

COVID-19 Impact

The COVID-19 pandemic resulted in flight cancellations, travel bans, and the implementation of quarantine measures, which caused massive disruption of the supply chain and logistics activities across the globe. The impact of the COVID-19 pandemic had resulted in workforce changes and temporary restrictions on the movement of goods. Several countries shut down their borders and limited transportation & travel to contain the COVID-19 pandemic. Due to the COVID-19 pandemic, important supply chains in the logistics and transportation industries were hampered, though differently across air, land, and sea modes of transportation. The supply chain disturbance created by the COVID-19 pandemic negatively impacted competitiveness and caused jobs to be lost in the logistics industry for a while. Moreover, an increase in demand for healthcare and FMCG supplies such as hospital supplies, gloves, sanitizers, vaccinations, and perishable food items, propelled the growth of the freight forwarding market during the COVID-19 pandemic.

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 Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

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In-depth segmentation which can be customized as per your requirements

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[sanjiv1233]

Global Digital Freight Forwarding Market Size, Share, Growth Report, 2032

Freight Forwarding Market Overview

The global freight forwarding market size was valued at USD 210.07 billion in 2022 and is projected to reach USD 298.88 billion by 2032, growing at a CAGR of 4.2% during the forecast period (2023-2032). This growth is driven by increasing international trade and the rising demand for efficient logistics solutions.

Key Drivers and Market Dynamics

Growing International Trade: The expansion of global merchandise trade is significantly boosting the freight forwarding market. With an 8.0% increase in trade volume in 2021, freight forwarders are experiencing heightened demand for their services.

Surge in Logistics Services: The need for cost-effective and rapid logistics services is propelling market growth. Innovations in e-commerce and government reforms are further enhancing the logistics landscape, particularly in regions like India.

Challenges in the Freight Forwarding Market

Nearshoring Practices: The trend of relocating manufacturing closer to home markets, known as nearshoring, poses a challenge to the growth of international freight forwarding.

Regulatory and Operational Hurdles: Compliance with varying international regulations and managing complex logistics operations can impede market expansion.

Digital Transformation and Future Opportunities

Artificial Intelligence Integration: AI is revolutionizing the freight forwarding industry by automating processes, reducing costs, and improving accuracy. For example, Kuehne+Nagel's eTrucknow platform leverages AI to streamline quotation and comparison processes for road freight services.

Digital Freight Forwarding Market: The adoption of digital platforms is transforming traditional freight forwarding, offering enhanced efficiency and customer satisfaction.

Regional Insights

North America: Dominates the global market due to its advanced transportation infrastructure and significant e-commerce sector.

Europe: Expected to grow significantly, driven by a highly interconnected economy and robust trade relationships.

Asia-Pacific: Anticipated to witness the highest growth rate, with China and India leading the way due to extensive production and retail activities.

LAMEA: Regions like Dubai are emerging as key logistics hubs due to strategic geographic locations and favorable trade policies.

Conclusion

The freight forwarding market is evolving rapidly with technological advancements and increasing global trade. However, overcoming challenges such as nearshoring and regulatory complexities will be crucial for sustained growth. The future of the market looks promising with significant opportunities in digital transformation and AI integration. For more detailed insights, explore the latest freight forwarding market reports and analyses.

[sanjeev3214]

The freight forwarding market is estimated to be worth USD 176.02 billion in 2024 and is expected to reach USD 215.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.16% during the forecast period.

[poojascmi]

Data-Driven Insights: Decision-Making in the Digitalized Freight Forwarding Market 2021-2028

The title "Data-Driven Insights: Decision-Making in the Digitalized Freight Forwarding Market" encapsulates the transformative influence of technology and data analytics on the freight forwarding industry. In an era characterized by digitalization, freight forwarders are harnessing the power of data to optimize operations, enhance customer experiences, and make informed decisions.

"Data-Driven Insights" refers to the valuable information derived from the vast amount of data generated within the freight forwarding process. From tracking shipments in real-time to analyzing historical trends, data provides actionable insights that enable freight forwarders to optimize routes, improve transit times, and mitigate risks. By harnessing data-driven insights, the industry is moving beyond traditional approaches and embracing a more proactive and efficient operational model.

The phrase "Decision-Making in the Digitalized Freight Forwarding Market" underscores how data has become a cornerstone of effective decision-making. Freight forwarders use advanced analytics tools to forecast demand, identify bottlenecks, and allocate resources strategically. Moreover, data-driven insights empower businesses to respond swiftly to disruptions, as real-time information enables dynamic adjustments to plans and routes.

With the increasing adoption of Internet of Things (IoT) devices and sensors, Global Freight Forwarding Market can track the location, condition, and security of shipments throughout their journey. This level of transparency not only improves operational efficiency but also builds trust with clients by providing accurate and up-to-date information.

The integration of data analytics also extends to customer interactions. Freight forwarders can personalize services by analyzing customer preferences, shipping history, and pain points. This enables them to provide tailored solutions, enhance customer satisfaction, and foster long-term partnerships.

In terms of value, Europe led the worldwide freight forwarding market in 2019, accounting for 31.8% of the total, followed by Asia Pacific and North America. The presence of significant firms like as Kuehne & Nagel, DHL, DB Schenker, and Panalpina Inc. has contributed to the region's growth.   In the worldwide freight forwarding sector, the Asia Pacific area is seeing tremendous expansion. The presence of fast-growing economies like India and China is primarily responsible for the region's growth. The region's fast-growing economies provide chances for growth, so top corporations are focusing on merger and acquisition to increase their companies' footprint in these economies.

In conclusion, "Data-Driven Insights: Decision-Making in the Digitalized Global Freight Forwarding Market " signifies the industry's evolution into a tech-savvy and customer-centric domain. The title underscores the critical role that data analytics plays in shaping the future of freight forwarding. By embracing digitalization and leveraging data-driven insights, the industry is not only enhancing operational efficiency but also revolutionizing customer experiences and redefining industry standards.

[spiderworldglobal]

Navigating the Pros and Cons of Supply Chain Risk Management

Supply chain risk management is the process of identifying, assessing, and mitigating risks in the supply chain to ensure continuity of operations and minimize disruption. Strategies include diversification, technology solutions, effective communication, and regular reviews of the risk landscape.

The advantages of supply chain risk management include:

Improved resilience: Effective risk management can make a supply chain more resilient, reducing the impact of any disruptions.

Cost savings: By identifying and mitigating risks, businesses can reduce the costs associated with supply chain disruptions, such as lost sales, production delays, and increased transportation costs.

Enhanced reputation: A robust risk management strategy can enhance a company's reputation, demonstrating to customers and stakeholders that it takes supply chain risks seriously.

Competitive advantage: Businesses that have effective risk management strategies in place may have a competitive advantage over those that don't, as they are better equipped to deal with any disruptions.

The disadvantages of supply chain risk management include:

Cost: Implementing effective risk management strategies can be expensive, requiring investment in technology, resources, and personnel.

Complexity: Supply chains are complex, and managing the risks associated with them can be challenging. Businesses need to have a deep understanding of the supply chain and its stakeholders to develop effective risk management strategies.

Uncertainty: Supply chain risks are inherently uncertain, and it can be difficult to predict and manage all potential risks.

Over-reliance on technology: While technology solutions can be effective in managing supply chain risks, there is a risk of over-reliance, which can lead to complacency and a lack of preparedness in the event of a disruption.

In conclusion, supply chain risk management is a crucial aspect of any business that relies on the delivery of goods or services. By identifying, assessing, and mitigating risks, businesses can ensure continuity of operations and minimize disruption. Strategies such as diversification, technology solutions, effective communication, and regular reviews can all help to manage supply chain risks and ensure long-term success.

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[ayshillford23]

Sea Freight Forwarding in Dubai: Affordable, Reliable, and Efficient Solutions

[ior-services]

How to Select the Right Importer of Record in Malaysia?

In the intricate world of international trade, the role of an Importer of Record (IoR) is pivotal. An IoR is the entity or individual responsible for ensuring that imported goods comply with the destination country's regulations and legal requirements. Selecting the right Importer of Record in Malaysia is crucial for navigating the complex landscape of customs regulations, avoiding penalties, and ensuring smooth operations. This guide delves into the essential factors to consider when choosing the ideal IoR for your business needs in Malaysia.

Understanding the Importer of Record Function

Definition and Key Responsibilities of an IoR

An Importer of Record (IoR) acts as a legally responsible party for the importation of goods into a country. The IoR’s responsibilities include ensuring compliance with local laws, paying duties and taxes, and managing customs documentation. In Malaysia, this role involves adherence to specific regulations governed by the Royal Malaysian Customs Department, including the submission of import declarations and the payment of applicable tariffs.

Benefits of Having a Competent IoR in Malaysia

Engaging a competent Importer of Record in Malaysia offers several advantages. A proficient IoR ensures seamless customs clearance, minimizes the risk of compliance issues, and provides valuable guidance on local regulations. Their expertise can prevent costly delays and penalties, thereby enhancing the efficiency of your import operations.

Evaluating Expertise and Experience

Assessing the IoR’s Knowledge of Malaysian Customs Regulations

When selecting an IoR, it is essential to evaluate their understanding of Malaysian customs regulations. A knowledgeable IoR should be well-versed in the Malaysian Customs Act, HS Code classification, and import restrictions. Their expertise should extend to navigating local practices and staying updated with any regulatory changes that might affect your shipments.

Importance of Proven Track Record and Industry Experience

Experience is a critical factor in choosing an IoR. An established IoR with a proven track record of handling various import scenarios will likely manage your imports more effectively. Assess their history of successful customs clearances and their familiarity with handling goods similar to yours, ensuring they have the requisite industry experience to support your needs.

Assessing Compliance and Risk Management

Ensuring Regulatory Compliance and Avoiding Penalties

A key responsibility of an IoR is to ensure full regulatory compliance. Verify that the IoR follows stringent procedures to meet all legal requirements and avoid compliance pitfalls. This includes accurate filing of import documentation, adherence to local laws, and timely payment of duties and taxes. An IoR with robust compliance practices will help mitigate risks associated with penalties and legal issues.

Evaluating Risk Management Practices and Procedures

Effective risk management is vital for mitigating potential disruptions in the import process. Assess the IoR’s risk management strategies, including their approach to handling unexpected issues such as customs disputes or shipment delays. A proactive IoR will have established procedures to manage these risks and ensure continuity in your import operations.

Examining Technological Capabilities

Importance of Digital Tools and Platforms

In today’s digital age, the technological capabilities of an IoR can greatly impact the efficiency of your import process. Evaluate whether the IoR utilizes advanced digital tools and platforms, such as customs management software and electronic data interchange (EDI) systems. These technologies can streamline customs procedures, enhance accuracy, and provide real-time tracking of shipments.

How Technology Enhances Efficiency in Import Processes

Technology plays a crucial role in optimizing import operations. An IoR with sophisticated technological infrastructure can offer automated solutions that reduce manual errors, speed up processing times, and improve overall operational efficiency. Ensure that the IoR you select leverages technology to its fullest potential to benefit your import activities.

Reviewing Client Testimonials and References

Gathering Feedback from Existing and Past Clients

Client testimonials and references provide valuable insights into the performance of an IoR. Seek feedback from current and previous clients to gauge their satisfaction with the IoR’s services. Positive testimonials and strong recommendations can indicate a reliable and effective IoR.

Analyzing Case Studies and Success Stories

Review case studies and success stories to understand how the IoR has handled various import scenarios. These examples can highlight their problem-solving capabilities, industry expertise, and ability to deliver results. Analyzing such cases will help you assess whether the IoR is equipped to meet your specific requirements.

Considering Cost and Fee Structures

Understanding Different Pricing Models and Structures

Cost is a significant consideration when selecting an IoR. Understand the different pricing models and fee structures offered by potential IOR Services in Malaysia. This may include flat fees, per shipment costs, or percentage-based charges. Ensure you have a clear understanding of how fees are calculated and what services are included.

Comparing Costs vs. Value in IOR Services

While cost is important, it should be weighed against the value provided by the IoR. Consider the quality of service, expertise, and benefits offered in relation to the fees charged. A more expensive IoR may provide greater value through enhanced services and risk management, which could ultimately save you money in the long run.

Evaluating Communication and Customer Support

Importance of Effective Communication Channels

Effective communication is vital for a successful partnership with an IoR. Evaluate how the IoR manages communication, including their responsiveness and clarity. Ensure they offer reliable communication channels and are accessible for addressing queries and resolving issues promptly.

Assessing the Quality of Customer Service and Support

High-quality customer service and support are essential for addressing any challenges that arise during the import process. Assess the IoR’s commitment to providing excellent support, including their approach to problem resolution and their willingness to offer assistance when needed.

Conclusion

Selecting the right Importer of Record in Malaysia involves a comprehensive evaluation of several critical factors. By understanding the IoR’s function, assessing their expertise and compliance practices, examining technological capabilities, and considering cost and support, you can make an informed decision that aligns with your business needs. Ensuring that your IoR meets these criteria will contribute to smoother, more efficient import operations and help you navigate the complexities of Malaysian customs regulations effectively.

[freightforwardingone]

The Significance of Freight Forwarding for Global Trade

Freight forwarding services are an integral part of the efficiency of any company. The transportation of goods and shipments from one place to another is a time-consuming and expensive process. Many companies hire third-party logistics services to handle the shipping process. That’s where freight forwarding companies in Dubai come into play. The freight forwarding process is essential to supply chain management because it involves transporting and delivering shipments safely and securely.

Read this blog for everything you need to know about international freight forwarding, the freight forwarding process, and the types of freight forwarding services.

What is freight forwarding in logistics?

Freight forwarding is the coordination of transportation. It is a service that helps with shipping goods from one destination to another through a single or multiple modes of transportation. The service may utilize air, sea, road, or rail transportation.

Freight forwarding is meant to streamline the shipping process and assist you in international freight forwarding, which allows you to focus on other aspects of business.

Benefits of freight forwarding services

There are many benefits to the freight forwarding services that a freight forwarding company offers:

Experience: Freight forwarders offer experience and accountability. A freight forwarding company will help you with every shipping-related issue, even those related to global shipping regulations.

Global Access: Freight forwarding offers global access to business because they have experience in different industries that include manufacturing, fashion, and food. It assists you with the importing and exporting of goods and provides you with contacts and access to global partners.

Cost-effective: Freight forwarders give discounted rates for the global transportation of the products. Freight forwarders have relationships with carriers, allowing them to bargain lower transport costs.

Documentation: With their experience, freight forwarding services offer accurate and proper documentation for customs regulations. Many freight forwarding services have customs specialists who can manage customs regulations.

Easy Compliance: An international freight forwarding company should make sure that the shipment sticks to the documentation regulations for importing and exporting your goods. They guarantee that the cargo meets all the requirements specified by the customs authority.

Shipment Tracking: Technology is also an important component of freight forwarding services. With modern-day advancements in technology, you can easily track your order throughout the journey and feel tension-free.

Types of Freight Forwarding Services

These are the main types of freight forwarding services available for shippers to use in the world of shipping. The primary types of freight forwarding services are:

Road freight transportation: Road freight transportation is the transportation of goods from one location to another by means of motor vehicles through a road network. Rail freight transportation:

Sea freight transportation : Sea freight transportation is also known as ocean freight transportation through the sea. It is the most common way of transporting goods across the globe. Goods are transported on shipping containers, then loaded on the vessel at the respective port.

Air freight transportation: Air freight transportation helps with the supply chain process on different levels, which includes insurance, storage, and packing; inventory management; customs clearance; and international export and import documentation. Through air freight, it plans, organizes, and transports freight from one destination to another.

These are the main types of freight forwarding services, and each method has its own processes that are different from each other.

Parting Words

International freight forwarding is the best solution to shipment issues. Freight forwarding companies in Dubai handle the shipping process, deal with customs regulations, and guarantee that cargo reaches its destination within time.

Just make sure that you select a reliable and authentic freight forwarding company that manages all the shipping operations with a powerful company.

[businesspointnews]

Sea Freight Forwarding Market Growth, Top Companies Share, Size, and Forecast 2024-2032

IMARC Group has recently released a new research study titled “Sea Freight Forwarding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. How big is the sea freight forwarding…

[aiswaryamr]

Our Worldwide shipping services facilitates seamless commerce across borders

Why to choose us for world wide shipping?

Gallop is premier partner in worldwide shipping solutions. With an extensive global network and a relentless pursuit of excellence, we specialize in providing seamless transportation services for businesses worldwide.

From streamlined cargo operations to dependable tracking systems, our primary focus is on ensuring secure, timely, and cost-effective deliveries, guaranteeing that your shipments reach their destinations with utmost efficiency and care. We have expertise in Robust and fast delivery network,well qualified staff and user friendly with life time support,Our professional team commited to excellence and skilled,our expertise meets efficiency so Let us handle the intricacies of global logistics while you concentrate on expanding your business globally with confidence .

Worldwide shipping plays a vital role in the global economy, facilitating trade between nations and connecting businesses and consumers worldwide. Effective management of the international shipping process is crucial for businesses to expand their market reach and maintain a competitive edge in the global marketplace. Our major services including Freight Forwarding ,Documentation,Project cargo,Warehousing and all,Our keybenefits of world wide shipping includes Global network,Real time tracking,Security for cargo and Affordable price,For more details Read more https://gallopshippingsaudi.com/about

[sanjeev3214]

Freight Forwarding Market - Share, Size and Industry

Freight forwarding market was valued at $192.50 billion in 2021 and is projected to reach $285.15 billion by 2031 and is anticipated to register a CAGR of 4% between 2023 and 2031.

[noushiraupgro]

Gallop Shipping: Your Trusted Partner for International Shipping Services in Saudi Arabia

In the heart of the Arabian Peninsula, Gallop Shipping stands tall as a beacon of excellence in the world of international shipping. With a legacy of reliability and a commitment to customer satisfaction, Gallop Shipping has emerged as a prominent player in facilitating seamless global trade for Saudi Arabia.

Gallop Shipping boasts a comprehensive suite of international shipping services that caters to the diverse needs of businesses and individuals alike. Whether you are a multinational corporation looking to transport goods across continents or an individual relocating overseas, Gallop Shipping is your steadfast companion in navigating the complex realm of international logistics.

Our company's strength lies in its unwavering dedication to delivering cargo safely, promptly, and efficiently to destinations across the globe. Our team of seasoned professionals possesses an in-depth understanding of international regulations, customs procedures, and the intricacies of global trade. This knowledge enables us to provide tailored shipping solutions that minimize delays, reduce costs, and ensure the smooth flow of goods and services.

Gallop Shipping takes pride in its modern and well-maintained fleet of vessels, a testament to our commitment to sustainability and environmental responsibility. We offer an array of shipping options, including sea freight, air freight, and land transportation, all equipped with advanced tracking systems to keep you informed about your cargo's journey every step of the way.

Furthermore, our extensive network of partners and agents worldwide ensures that your shipments receive the attention they deserve, from origin to destination. We handle everything, from documentation and customs clearance to warehousing and distribution, with the utmost professionalism.

In a rapidly evolving global economy, Gallop Shipping remains steadfast in its mission to facilitate international trade for Saudi Arabia. With us by your side, you can trust that your cargo will reach its destination swiftly, securely, and with the utmost care. Join hands with Gallop Shipping, and let's embark on a journey of seamless international shipping. Your cargo is our commitment.

[sherunsittt]

The impact of the change in demand and supply on logistics functions and costs.

Changes in demand and supply have a big effect on how things move around, like when you order something online, and it needs to be delivered to your doorstep. Let's talk about how these changes affect the way things are transported and how much it costs.

Imagine more people suddenly want to buy a popular toy. That's an increase in demand. To make sure everyone gets their toy on time, the company delivering them might need to use more trucks, planes, or ships. This means more money spent on fuel, drivers, and transportation, and those costs could go up.

Conversely, if fewer people want the toy, there's a decrease in demand. The company might not need as many trucks and planes, so they might save money on transportation.

[lotuscontainers]

Digitization Trends in Freight Forwarding

Digital trends in freight forwarding streamline operations by digitizing and sharing critical data, eliminating paperwork and simplifying communication among stakeholders. Utilizing digital tools, forwarders facilitate seamless communication among container trading partners. A transparent cloud-based system enables easy rate comparisons, ensuring customers receive optimal deals. Contact LOTUS Containers for more information.

[ayshillford23]

Sea Freight Forwarding in Dubai: Affordable, Reliable, and Efficient Solutions

[kenresearch1]

Vietnam Logistics Market Flourishes: CEP and Warehousing Sector Generate over USD 5 Bn in 2022, Fueled by Joint Ventures and Modern Warehousing Systems. What Awaits the Future? :Ken Research

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1.Emerging Trends and Developments in Vietnam's Warehousing Market: Joint Ventures, Automation, GSP Warehouse Preference, and Recent Funding Surge.

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Logos Property and Manulife Investment Management joined forces in 2022 to construct an advanced logistics factory, covering an area of over 116,000 sqm and valued over $80 Mn. Moreover, GLP entered the Vietnamese market through a $1.5 Bn joint venture with SLP.

E-commerce companies are utilizing AI-powered warehouses and sorting centers spanning 0.3 Mn sqm to decrease delivery time during peak periods. Tiki NOW Smart Logistics has integrated robots for task execution, enhancing warehouse efficiency and enabling sellers to save 30% - 40% in costs.

Investment in pharmaceutical storage systems or GSP warehouses is increasing in Vietnam, with foreign firms such as DKSH, Zuellig, and Mega making substantial investments to improve cost-efficiency and optimize manpower in warehouses.

Vietnamese on-demand warehousing platform, Wareflex, secured $785,000 in pre-seed funding from Genesia Ventures and Antler. Additionally, Mirae Asset Daewoo Co. and Naver Corporation, prominent South Korean companies, invested $37 Mn in a warehouse located in Bac Ninh, Vietnam.

2.Automation Surge: Vietnam's Growing Demand for Modern Warehouses Driven by Increased Investment in New Technologies.

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Next generation supply chains in Vietnam are utilizing robotics and automation to perform task such as picking, sorting, inspecting, handling to improve overall efficiency and speed to market. Some warehouses are turning to autonomous vehicles to bring merchandise to sortation while Drones & RFID will be used for Inventory Management. The opportunities seem endless which will result in greater efficiency and productivity.

3.Tech Trends Unleashed: Big Data and Augmented Reality Empower Vietnam's CEP Market in Response to Consumer Demand.

Market Maxomony

Vietnam Logistics Market Segmentation

By Service Mix

Freight Forwarding

Warehousing

CEP

Value Added Services

Vietnam Freight Forwarding Market Segmentation

By Mode of Freight

Road Freight

Sea Freight

Air Freight

By Type of Freight

International Freight

Domestic Freight

By Types of Operators

Small Fleet Operator (SFO)

Medium Fleet Operator (MFO)

Large Fleet Operator (LFO)

By End-User

Retail

Oil and Gas

Textiles

Pharma

Others

Vietnam Warehousing Market Segmentation

By Warehousing Types

General/Industrial/Retail

CFS/ICD

Cold Storage

Agriculture and Others

By Warehouse Locations

Northern

Central

Southern

By End-User

Retail

Oil and Gas

Textiles

Pharma

Others

Request a Call with Expert to know more about Latest Trends

Major Players Mentioned in the Report:

Yusen Logistics

Transimex

Gemadept Corporation

Maersk

Kuehne+Nagel

MP Logistics

ITL

Vietnam Post

Viettel Post

Vietnam Maritime Corporation

Expeditors

Bee Logistics

DB Schenker

Vinafrieght Joint Stock Company

CJ Gemadept

Ceva Logistics

GHN Express

DHL VNPL Express

EMS

Key Target Audience

E-Commerce Companies

Third-Party Logistic Providers

Potential Market Entrants

Freight Forwarding Companies

Warehousing Companies

Cold Storage Companies

Industry Associations

Consulting Agencies

Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer to the Link Below: –

Vietnam Logistics Market Outlook to 2027

Related Reports by Ken Research: –

Indonesia Logistics Market Outlook to 2027