Latest news from Heavy Lift & Project Forwarding International Magazine

Insourcing a key threat to forwarders

Logistics Trends & Insights has published its 2018 Evolving Freight Forwarding Market report, revealing that 54 percent of respondents think that shippers bringing their logistics functions in house is the biggest threat to the market.

 

Digital disruption, however, was not high on the list of threats facing forwarders. Only 2 percent of respondents classed 3D printing as the biggest threat to the market, while blockchain technology and autonomous shipping ranked second in the list, each with 12 percent.

While digitalisation was not the biggest concern for freight forwarders, 54 percent of those asked said it is “extremely important” to their strategy, although responses varied when asked how they plan to invest in digitalisation.

30 percent of respondents said they would build their own solutions, while 28 percent said they would utilise off-the-shelf platforms. Only 18 percent of respondents planned to invest in digitalisation through partnerships, while 16 percent of those surveyed plan to achieve digitalisation through acquisitions.

Tight margins, meanwhile, continued to be the most critical “pain point” for freight forwarders. 46 percent of respondents selected this issue over capacity concerns, uncertain global environments, and rates.

Only 6 percent of respondents cited the uncertain global environment as the most critical “pain point”, compared to 22 percent of respondents in the 2017 Evolving Freight Forwarding Market report.

logisticstrendsandinsights.com

Heavy Lift | News

Middle East to ramp up energy investments thumbnail image

Middle East to ramp up energy investments

January 25 - Rystad Energy said that up to USD240 billion of greenfield oil and gas investments could be sanctioned in 2019, with almost 25 percent of this coming from the Middle East region.
Views: 2004
Leaner and greener shipping to attract investment thumbnail image

Leaner and greener shipping to attract investment

January 4 - Shipping will continue to attract investors in 2019, as long as the industry fulfils its environmental, social and governance (ESG) responsibilities, according to accountant and shipping adviser Moore Stephens. 
Views: 3027
Drewry to scrutinise multipurpose prospects   thumbnail image

Drewry to scrutinise multipurpose prospects  

January 4 - Global shipping consultancy Drewry is hosting a free webinar later this month, looking at the recent trends and outlook for the multipurpose shipping market, covering both the breakbulk and project cargo sectors. 
Views: 2614
All change at Nurminen Logistics thumbnail image

All change at Nurminen Logistics

December 31 - Following a warning about future profitability, Finland’s Nurminen Logistics is streamlining its organisation and making changes to the composition of its group management team.
Views: 2415

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.