Across land, sea and skies, waves of digital disruption are redefining Freight and Logistics. The global merchandise trade is expected to increase by 4 percent in 2019* but more fundamental changes, like industry consolidation, increased supply chain complexity and regulatory changes are reshaping the landscape.
The industry is facing increasing market volatility, with a 10-time rise in new entrants. Digital players are leveraging agile business models allowing carriers to work directly with customers, eliminating intermediaries.
Add in the changing customer expectations such as the need for 24/7 service, frictionless and additional services, and flexibility in supply chain, and the message is clear: The Freight and Logistics industry must transform fast to tackle competitive threats and capitalize on new opportunities.
*RELATED: Strong trade growth in 2018 rests on policy choices