Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The "Freight Forwarding Industry in South Africa 2024" report has been added to ResearchAndMarkets.com's offering.
This report on freight forwarders, who arrange the shipment of goods from origin to destination, includes information on the state of the industry with updates on trade volumes, key trends and issues, notable players and corporate actions. There is also information on international players and trends, and influencing factors such as the logistics crisis and technology and innovation.
The report includes profiles of 22 notable companies including Africa Global Logistics South Africa, Berry and Donaldson, DHL Global Forwarding SA, DSV South Africa, Kuehne and Nagel, Megafreight Services, Rohlig-Grindrod, Safcor Freight (Bidvest International Logistics), and Santova Logistics.
Introduction
- The freight forwarding industry co-ordinates over 80% of South Africa's international trade.
- Trade is expected to grow over the next few years.
- Many local industry players are unlisted subsidiaries of foreign multinational logistics companies.
- South African freight forwarders have to deal with local issues that affect their activities and performance, such as the logistics crisis.
- The industry has to contend with events that disrupt international trade, such as conflicts and natural disasters like droughts, hurricanes and floods.
Market Trends
- Companies are continuously looking at ways to reduce their carbon footprint.
- To stay competitive, lower costs, save time, satisfy customer demands and improve their ability to foresee and respond to crises, freight forwarders are constantly adopting new types of technology.
Market Opportunities
- Specialising in a specific industry's products.
- The implementation of the African Continental Free Trade Area agreement is expected to increase South Africa's trade with the rest of the continent, which should provide opportunities for freight forwarders to grow their businesses.
Market Challenges
- International shipping lines are increasingly diversifying into other logistics segments. This means a single entity could handle the transportation of a shipper's cargo from origin to destination. In cases where shippers arrange transportation directly with these entities, freight forwarders are not involved.
- South Africa's logistics crisis is affecting its trade levels, and therefore freight forwarders' performance.
Market Outlook
- Global merchandise trade volumes are expected to increase due to a recovery in demand for traded goods and global economic growth.
- The global freight forwarding industry is expected to expand at a relatively low rate to 2027.
- The local industry is expected to grow as a result of merchandise trade growth.
- Freight forwarders are experiencing growing pressure on margins, which is expected to worsen in the short term due to higher carrier rates and rising competition from other forwarders.
- Multinational freight forwarders are expanding their operations in Africa as the continent's trade is expected to grow faster than the world average.
Key Companies in the South African Freight Forwarding Industry Profiled in the Report:
- Africa Global Logistics South Africa (Pty) Ltd
- Berry And Donaldson (Pty) Ltd
- Blg Logistics Of South Africa (Pty) Ltd
- Ceva Logistics South Africa (Pty) Ltd
- DHL Global Forwarding Sa (Pty) Ltd
- DSV South Africa (Pty) Ltd
- Hellmann Worldwide Logistics (Pty) Ltd
- Heneways Freight Services (Pty) Ltd
- Hillebrand Gori South Africa (Pty) Ltd
- Kintetsu World Express South Africa (Pty) Ltd
- Kuehne And Nagel (Pty) Ltd
- Megafreight Services (Pty) Ltd
- Nebula Logistics Africa (Pty) Ltd
- Pca Logistics (Pty) Ltd
- Rhenus Logistics (Pty) Ltd
- Rohlig-Grindrod (Pty) Ltd
- Safcor Freight (Pty) Ltd
- Santova Logistics (Pty) Ltd
- Savino Del Bene (South Africa) (Pty) Ltd
- Schenker South Africa (Pty) Ltd
- Toll Global Forwarding (Sa) (Pty) Ltd
- Turners Shipping (Pty) Ltd
Key Topics Covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Corporate Actions
3.6. Regulations
3.7. Enterprise Development and Social Development
4. AFRICA
5. INTERNATIONAL
6. INFLUENCING FACTORS
6.1. Unforeseen Events
6.2. Economic Environment
6.3. Logistics Crisis
6.4. Technology, R&D and Innovation
6.5. Labour
6.6. Environmental Issues
7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
8. INDUSTRY SUMMARY
9. OUTLOOK
10. INDUSTRY ASSOCIATIONS
For more information about this report visit https://www.researchandmarkets.com/r/56j2gr
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