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Intermodal transportation: 5 reasons to choose ocean and inland integrated transportation

Source: MAERSK In the face of changes to global trade, businesses are seeking greater ease and reliability for their supply chains, as well as opportunities to streamline costs and improve sustainability. Recent research by McKinsey found resilience, agility and sustainability have established themselves as long-term priorities for businesses. For many businesses, intermodal transport – and, more specifically, combining ocean with inland transportation – has been an important part of achieving this. Inland transportation covers all transport over land – truck, rail and barge, but excludes air and ocean transport. Intermodal transportation, meanwhile, refers to moving freight by two or more forms of transport and can be any combination of truck, rail, barge, air, and/or ocean. In 2021, the intermodal freight transportation market was already valued at USD 35 billion. It is recording a steady compound annual growth rate (CAGR) of over 16% and will be worth more than USD 117 billion by 2029, according to Maximise Market Research. Today, the OECD calculates that about 90% of the world’s traded goods are transported by ocean. Inland transportation is an indispensable complement to ocean, because – in all cases – freight needs to get to and be taken out of the port. As a result, using an

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On the road to digitalisation in freight forwarding

Source: MAERSK Digitalisation is shaking up the world of logistics, opening the doors to greater visibility, connectivity and agility. For the freight forwarding industry, the application of these new technologies has shown huge potential to simplify operations. However, it also presents a strategic challenge and a delicate balancing of priorities, investment, customer demand and capacity. All while navigating the industry’s complexity and fragmentation. Digitalisation is the use of digital technologies to change a business model and provide new revenue and value-adding opportunities. The COVID-19 pandemic, which brought massive supply chain disruptions and huge growth in ecommerce, accelerated digitalisation in freight forwarding. As the International Federation of Freight Forwarders Association points out, the pandemic exacerbated the need for simplification and supply chain resilience, which digitalisation helped achieve. The pandemic also supported the growth of digital freight forwarders. Digital forwarders use technologies to organise and coordinate the movement of goods – everything from taking bookings, managing documentation, tracking shipments, and for quotations and invoicing. The digital freight forwarding market, which accounts for about 8% of the total freight forwarding market, is recording steady compound annual growth rate (CARG) of 23%, according to Allied Market Research. In comparison, the global freight forwarding market as whole is recording a compound annual

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