IS THE TRADITIONAL FREIGHT FORWARDER STILL RELEVANT?

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ABOUTXENETA

At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.

With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution to these challenges.

WE ARE TRANSFORMING GLOBAL LOGISTICS

ARE YOU PAYING THE RIGHT CONTAINER

FREIGHT RATES?

DISCOVER SAVINGS POTENTIAL IN REAL

TIME.

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MARKET AND TECHNOLOGY CHANGES COMBINED WITH INNOVATION AND

NEW ENTRANTS ARE CHANGING THE FREIGHT FORWARDING MARKET AS WE

KNOW IT.

A SURVEY, CONDUCTED BY THE ELITE-LEAGUE AND LOGISTICS TRENDS & INSIGHTS LLC, INDICATE THE NEED FOR TRADITIONAL FREIGHT FORWARDERS TO ADAPT OR PERISH.

FINDINGS INDICATE THE DEFINITION OF A FORWARDER IS CHANGING AS THE LINES BLUR BETWEEN IT AND A 3PL. DIFFERENTIATION IS IMPORTANT AND FORWARDERS ARE INTRODUCING NEW SERVICES, TRADE LANES AND IMPLEMENTING TECHNOLOGY SOLUTIONS TO IMPROVE CUSTOMER SERVICE, VISIBILITY AND/OR OPERATIONAL EFFICIENCIES..

MERGERS & ACQUISITIONS ARE STILL EXPECTED AND ALSO SEEN AS A WAY TOWARDS GROWTH IN A MARKET THAT SEEMS TO BE BLEEDING MORE RED THAN GREEN.

TIGHT MARGINS AND DECLINING SEA FREIGHT

RATES

IN FACT, FOR MANY FORWARDERS (ALTHOUGH THEY ARE THE ONES PROFITING IN THIS CLIMATE WHEN COMPARED TO CARRIERS), TIGHT MARGINS ARE THE MOST CRITICAL PAIN POINT FOLLOWED BY AN UNCERTAIN ENVIRONMENT AND OVERCAPACITY AND DECLINING SEA FREIGHT RATES ACCORDING TO THE SURVEY.

ARE YOU PAYING THE RIGHT CONTAINER

FREIGHT RATES?

DISCOVER SAVINGS POTENTIAL IN REAL

TIME.

A TOUGH MARKET FOR SURE AND WHEN ONE IS FACED WITH NEW ENTRANTS, IT MAY MAKE IT EVEN TOUGHER FOR THESE FORWARDERS WHO HAVE BEEN AROUND FOR OVER 50 YEARS TO STAY AHEAD AND RELEVANT.

POTENTIALLY CHALLENGING FORWARDERS ARE THE LIKES OF AMAZON AND ONLINE FREIGHT MARKETPLACES BUT ACCORDING TO THE SURVEY, FORWARDERS ACTUALLY SEE THESE NEW ENTRANTS AS OPPORTUNITIES.

WHAT ROLE WILL TRADITIONAL FREIGHT FORWARDERS PLAY?

MERGERS & ACQUISITIONS ARE STILL EXPECTED AND ALSO SEEN AS A WAY TOWARDS GROWTH IN A MARKET THAT SEEMS TO BE BLEEDING MORE RED THAN GREEN.

AN INTERESTING FORWARDING MARKET IS INDEED EMERGING AND IT BEGS THE QUESTION, IS THE TRADITIONAL FREIGHT FORWARDER STILL RELEVANT?

SURVEY RESPONDENTS WERE MOST EMPHATIC WITH 94% INDICATING THAT YES THEY ARE STILL RELEVANT BUT, THEIR ROLES ARE CHANGING AND PERHAPS, ACCORDING TO ONE RESPONDENT, FORWARDERS HAVE A ROLE TO PLAY IN “REGIONAL AND LOCAL LOGISTICS LOOPS WHERE MARKET ACCESS IS DIFFICULT”.

IN REGARDS TO THE INTERNATIONAL AIR AND OCEAN MARKETS, HOWEVER, THIS SAME RESPONDENT NOTED, “I SEE THEIR EDGE IN ADDRESSING COMMON INTERNATIONAL ROUTES DECREASING.”

IN FACT, FOR MANY FORWARDERS (ALTHOUGH THEY ARE THE ONES PROFITING IN THIS CLIMATE WHEN COMPARED TO CARRIERS), TIGHT MARGINS ARE THE MOST CRITICAL PAIN POINT FOLLOWED BY AN UNCERTAIN ENVIRONMENT AND OVERCAPACITY AND DECLINING SEA FREIGHT RATES ACCORDING TO THE SURVEY.

TURNKEY SOLUTION; ZERO IMPLEMENTATION EFFORT

12+ MILLION CONTRACTED RATES

DATA FOR 60,000+ PORT-PORT PAIRS, TRADE LANE CORRIDORS

DO YOU KNOW HOW YOUR SEA FREIGHT RATES ARE PERFORMING AGAINST THE MARKET?

LEARN HOW THE XENETA PLATFORM WORKS AND HOW YOU CAN USE IT TO SEE HOW YOUR OCEAN FREIGHT PRICES PERFORM AGAINST THE MARKET IN REAL TIME AND ON DEMAND. THE XENETA PLATFORM:

DATA FOR 60,000+ PORT-PORT PAIRS, TRADE LANE CORRIDORS

LEARN HOW XENETA CAN HELPYOU GET INSIGHT AND

INTELLIGENCE INTO YOUR GLOBAL OCEAN FREIGHT PRICES AND CHANGE YOUR LOGISTICS

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