Growth in the freight forwarding market is a function of macroeconomic conditions and is largely determined by the strength of international trade. According to UNCTAD, global trade reached a record high in 2021 at around US$ 28.5 trillion, which is an increase of almost 13% relative to pre-pandemic levels.

The strong growth in international trade in 2021 was mainly the result of pandemic restrictions being phased out and surging demand for goods encouraged by government support schemes and ...

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