Freight forwarding include all the activities to import and export goods in the international or multinational market. This process of freight starts from one international location to another it involves different legalities, shippers, and requirements. Freight forwarder works as an intermediary between the clients and the different transportation services, it is mentioned in the Courses for Freight Forwarder.
Freight forwarding market India
As per the survey run by experts of the best freight forwarding courses online, worldwide markets are expected to grow by 7 to 8% annually. This creates a hidden stimulus to the increasing freight forwarding demand in India. A 100% FDI in logistics shows a healthy outlook for the Indian economy. The global slowdown has forced many freight forwarding companies to turn their way towards the logistics. Also, many international and national companies are investing in the transportation sector, this would benefit the logistics sector of India. And because of that, the Indian freight forwarding companies are becoming more competitive in international
As per the survey run by experts of the best freight forwarding courses online, here are some growth challenges faces by the freight forwarding industry.
Investment, and ability of firms to raise funds
Stiff competition from the competitors
Inadequate Indian infrastructure
Standard and system
Investment, and ability to raise funds
Technology
It takes time for the Indian Government to recognize logistic as a growing industry. With the help of Fiscal in India have helped the logistic companies indirectly but the absence of industry status keeps the fright forwarding sector at a disadvantage. Now, the government needs to provide special incentives because the growth of this sector is directly affecting the overall growth of GDP.
The Indian logistics industry is standing on the edge, as the growth of this sector is limited by its in-efficiencies. The approaching decade shows the other side of this infection, shall underline its operational prowess and its returns potential.
To know more about freight forwarding or to be a part of this sector JBS academy offer the best Courses for Freight Forwarder. To get more details contact on 079 -2754 0463 or visit on jbsacademy.com
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