Ti: UPS Supply Chain Symphony may be more than it seems...
TRANSPORT INTELLIGENCE‘s Ken Lyon writes: Last week UPS finally announced its new Supply Chain Symphony solution. ...
By Alex Lennane
Supply chain guru Mark Millar has written a white paper, much of it based on Transport Intelligence research, looking at the freight forwarding industry. It touches on key trends, including the increased move towards regional supply chains, and the consequences thereof – in this case, the decreasing speed advantage of air over ocean in shorter chains, and the likelihood of more frequent but shorter journeys and more domestic freight moves. Mr Millar also considers the freight forwarding industry itself: a $150bn business, of which 44% is accounted for by the top 20, led by DHL with a 7.9% market share, with CEVA coming in at 20th with a 2.3% share. Tier 2 forwarding companies account for some 16% of the market, leaving the remaining 40% – worth $57bn – to other forwarders. An interesting abbreviated read of Ti’s data.
Comment on this article
Ameliia
November 03, 2017 at 8:46 amShipping processes and freight forwarding isn’t that easy as it might sound. The process involves quite a few intricacies which demand profound attention and analytical approaches. It’s right here that freight forwarders and shipping partners come up with the support system. If you wish to deliver shipments on time and that too under experts supervision, associating with the best professionals will prove to be of huge importance! Most of the leading companies like Dark Blue Shipping LLC offer affordable solutions and flexible Sea Cargo rates. You can get in touch with them and transport goods in a hassle-free way. Associating with the top service providers will also unlock numerous opportunities for you. That way, you can reach out to potential clients and reach their shipments on time.