As economic development rises and trade activities increase in India, the freight forwarding market shows considerable progress. India's GDP growth is igniting increased need for effective freight services. Experts believe that the freight forwarding sector in India will grow significantly by 7-10% every year within the next five years. An important contributor to this increase is the rapid growth of the e-commerce market. When consumers move to e-commerce options, companies now look for trusted logistics firms to expedite deliveries across the land. Supply chains have become more efficient and conducting business has become simpler thanks to the government's actions including the Goods and Services Tax (GST) and the Make in India project.
New technologies are vital in changing how freight forwarding works. By using digital platforms and automated systems, freight forwarders gain increased efficiency and efficiently manage shipments. By utilizing innovations like blockchain and AI, intelligence is improved and real-time tracking is implemented while also enhancing the transparency of logistics. Sustainability is transforming the industry while various companies implement greener practices. This development is evident in the rise in the need for sustainable transportation methods as corporations strive for a smaller carbon impact.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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