Transport Intelligence foresees important growth until 2018 that freight forwarders from other countries can also benefit from if they cooperate
London, July 14th, 2015
A report from Transport Intelligence notes that the global transport and logistics sector will grow by about 6.8% per year until 2018. This is mainly driven by the increasing demand from emerging markets, and regions like Africa, Central America and especially Asia-Pacific are expected to see increased growth by more than 10% per year.
This growth rate will allow Asia-Pacific to overtake Europe as the world’s largest transport and logistics market in 2016 with revenues close to 96,000 million US dollars. China is the most relevant player in this region as economic development is provoking a strong demand for consumer goods and perishables that require more efficient transport and logistics services.
“Infrastructures are still deficient in many of these countries, so the potential is huge” says Cathy Roberson, Senior Analyst, Transport Intelligence. In addition, Bloomberg warns that China has a lack of warehouses, rail networks, shipment tracking services, etc. and that this is holding back sectors like e-commerce. That’s the reason why Alibaba and other companies are now considering setting up their own distribution companies.
“Independent freight forwarding companies can also take advantage of this business opportunity if they collaborate with agents in these countries,” explains Sarah Bidmead, Network Manager of the Pangea Logistics Network. “Entering in a market like China directly is only possible for the big players, although small and medium sized transport and logistics companies can also avail of this opportunity by establishing partnerships with other agents.”
Pangea Logistics Network, a global network of independent freight forwarders, handles 1.5 million shipments worldwide every year and has members in the major Chinese cities and ports like Shanghai, Wuhan, Tianjin, Guangzhou and Ningbo. Members of the network can access the tools to explore and develop collaborations with these agents and take advantage of the momentum in transport and logistics in China.
Sarah Bidmead presents an example: “Let’s imagine a Pangea agent in Spain learns about an export support authority organising a trade mission to go to a fair in China. This agent can contact another Pangea member in the Chinese city where the event is taking place and prepare a joint offer to include the collection, shipping, assembly and disassembly of the participants’ booths. We have already had similar collaborations between members in other countries, like in the case of Atak-Orbit and Blue Freight at the German fair Fruit Logistica 2015.”
More information available at www.pangea-network.com
About Pangea Logistics Network
Based in London, Pangea Logistics Network is an International Freight Network of First Class independent Freight Forwarders with over 380 local offices in over 90 countries. Our aim is to promote collaboration between Member Companies in order to gain competitiveness on the present market. We handle 1,5 million shipments every year for 60,000 potential customers, making a total annual turnover of 2 billion USD. Member of Fiata and Bifa.
Press Contact:
Sarah Bidmead, Network Manager, s.bidmead@pangea-network.com, +44 (0) 1277.800.047
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