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Freight
from working or customers ’ personal data being leaked . The current economic and political climate also means freight forwarders must assess how union strikes could impact supply chains . Furthermore , as the effects of climate change continue to contribute to more extreme weather , organizations must consider climate adaptation and mitigation measures into planning .
What ’ s next for freight forwarding ?
The evolving customer expectations for speed , convenience , and sustainability are another main reason for changes in freight forwarding . Companies that invest in scenario building measures or ‘ virtual modelling ’ will be far better prepared to meet and exceed these changing customer demands and will likely gain a competitive advantage and improve overall customer satisfaction .
As organizations move towards recovery , scenario building or virtual modelling will allow them to better control their inventory , suppliers , and labor to fulfil customer demands . However , the key behind all of this will be to have the right data and know how to use it . Data must be accurate , granular , and consistent in order to work properly . ■ which could affect your business and to map out potential implications . For example , if rates and demand remain low , this could result in either rising internal financial pressures or increased competition fighting for scarcer customers . Whereas , if demand goes up and capacity is kept tight , this could result in either a market which is difficult to gauge where the demand level sits or a depreciation of lower cargo prices .
In today ’ s unpredictable and interconnected environment , it ’ s become critical to factor in unforeseen events outside of traditional freight forwarding . For example , cyber-attacks can result in airport systems
Mathijs Slangen www . flexport . com / research
Mathijs Slangen is Vice President Sales & Marketing Europe at Flexport . Flexport is the technology platform for global logistics – empowering buyers , sellers , and their logistics partners with the technology and services to grow and innovate . Companies of all sizes – from emerging brands to Fortune 500s – used Flexport technology to move more than $ 26 billion of merchandise in 2022 . In 2022 , Flexport was named # 1 on CNBC ’ s Disruptor 50 List as well as one of Fast Company ’ s Most Innovative Companies
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