{"id":13084,"date":"2016-04-22T12:03:40","date_gmt":"2016-04-22T11:03:40","guid":{"rendered":"http:\/\/www.globeinst.org\/?page_id=13084"},"modified":"2021-08-09T08:31:31","modified_gmt":"2021-08-09T08:31:31","slug":"2015-institute-to-research-the-impact-of-independent-freight-forwarding-in-global-logistics","status":"publish","type":"page","link":"https:\/\/project.mespilgroup.com\/GIL\/press-center\/2015-institute-to-research-the-impact-of-independent-freight-forwarding-in-global-logistics\/","title":{"rendered":"2015: INSTITUTE TO RESEARCH THE IMPACT OF INDEPENDENT FREIGHT FORWARDING IN GLOBAL LOGISTICS"},"content":{"rendered":"
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Press Information> Presse-Information<\/strong><\/h2>\n

Dossier Presse > Communicato Stampa >\u65b0\u95fb\u7a3f<\/strong><\/h2>\n<\/div>\n
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Dublin March 2015<\/h6>\n

INSTITUTE TO RESEARCH THE IMPACT OF INDEPENDENT FREIGHT FORWARDING IN GLOBAL LOGISTICS<\/strong><\/h4>\n
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The Global Institute of Logistics Announced Today That It Has Begun Researching The State of Independent Freight Forwarding And its Future Prospects. The Research Will Be Published In 2016.<\/h6>\n<\/div>\n

The independent freight forwarding sector is now more vibrant and successful than ever, despite the global economic woes of the past few years. The rise of the independent agent has now been borne out by a whole range of statistics and data that prove that far from shrinking, the independents are growing faster and taking market share from the multinationals.<\/p>\n

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INDEPENDENT FREIGHT FORWARDER ARE TAKING MARKET SHARE FROM THE MULTINATIONALS<\/b><\/p><\/div>\n

2014 figures from Drewry consulting show that 41 per cent of all ocean freight is now controlled by 3PLs or forwarders and by the end of the decade analysts are predicting that the market share will rise to 50 per cent \u2013 a remarkable switch in business practice by BCO\u2019s over the past two decades. 20 years ago some 75 per cent of all sea freight volumes were booked directly with carriers.
\nEven more remarkable is that it is independent freight forwarders and not multinational 3PL\u2019s are expected to make up the lion\u2019s share of this total at some 30%
\nThis trend by BCO\u2019s to outsource the management of their container traffic to independent freight forwarders, is being driven by increasing frustration with the lack of service, price volatility, schedule unreliability and onerous credit terms experienced in dealing directly with carriers in the sea freight industry.
\nCarriers due to the huge downward pressure on rates are being forced to increasingly commoditized their product. As a result carriers are increasingly incapable of meeting shipper\u2019s needs through direct relationships as they lack the end to-end service supply chain capabilities, focusing instead almost entirely on cost. Sales and customer service teams have been slashed as the fight to the bottom on rates continues. The advent of super alliances has further eroded the personal interfaces between the shipping lines and the end customers.
\nThis move away from direct booking with carriers by BCO\u2019s is a great opportunity for independent forwarders to gain significant new business and volumes. For the logistics industry this is also a positive development and will help to further integrate the global supply chain.
\nSo what exactly is the state of the independent freight forwarding market at this important juncture and more importantly how is the segment responding to this increasing demand from Beneficial Cargo Owners (BCO\u2019s) for their services?
\nThese are the questions that our research will answer and in so doing provide much needed insight into what BCO\u2019s can expect from the sector and more importantly what independent freight forwarders need to do to take advantage of these new more profitable opportunities.
\nThe research program will take almost 2 years to complete (2015-17) and will publish its preliminary findings in June 2016. Interim findings are leveraged to give final direction to the research process and responds to intelligence gathered in the process to date.
\nThe report will be structured using a Q&A format asking and specifically answering 3 key questions:<\/p>\n

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  1. What is the typical profile of the IFF that BCO\u2019s are looking to?<\/strong><\/li>\n
  2. What do independent freight forwarder needs to demonstrate to attract this business?<\/strong><\/li>\n
  3. How are these services delivered?<\/strong><\/li>\n<\/ol>\n

    To Read More About the Research Program Click Here<\/a>
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    <\/a><\/a><\/a><\/a>\"Share\"<\/a><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"

    Press Information> Presse-Information Dossier Presse > Communicato Stampa >\u65b0\u95fb\u7a3f Dublin March 2015 INSTITUTE TO RESEARCH THE IMPACT OF INDEPENDENT FREIGHT FORWARDING IN GLOBAL LOGISTICS The Global [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":4585,"menu_order":35,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-13084","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/pages\/13084"}],"collection":[{"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/comments?post=13084"}],"version-history":[{"count":3,"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/pages\/13084\/revisions"}],"predecessor-version":[{"id":21435,"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/pages\/13084\/revisions\/21435"}],"up":[{"embeddable":true,"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/pages\/4585"}],"wp:attachment":[{"href":"https:\/\/project.mespilgroup.com\/GIL\/wp-json\/wp\/v2\/media?parent=13084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}