South Africa Freight Forwarding Industry Report 2024, with Profiles of 22 Players Including DHL, DSV South Africa, Megafreight Services, Rohlig-Grindrod, Safcor Freight and Santova Logistics

Core Viewpoint - The freight forwarding industry in South Africa is crucial for international trade, coordinating over 80% of it, and is expected to grow in the coming years despite facing challenges such as a logistics crisis and increased competition from international shipping lines [4][8]. Industry Overview - The report provides insights into the freight forwarding industry, including trade volumes, key trends, notable players, and corporate actions [2]. - The industry is significantly influenced by local issues, international trade disruptions, and technological advancements [4][5]. Market Trends - Companies are focusing on reducing their carbon footprint and adopting new technologies to lower costs, save time, and enhance crisis response capabilities [5]. - The logistics crisis in South Africa is impacting trade levels and the performance of freight forwarders [7]. Market Opportunities - Specialization in specific industry products and the implementation of the African Continental Free Trade Area agreement are expected to create growth opportunities for freight forwarders [6]. Market Challenges - The diversification of international shipping lines into other logistics segments poses a challenge, as shippers may opt to arrange transportation directly, bypassing freight forwarders [7]. - The logistics crisis in South Africa continues to affect trade levels and the performance of freight forwarders [7]. Market Outlook - Global merchandise trade volumes are anticipated to increase due to recovering demand and economic growth, while the local freight forwarding industry is expected to grow alongside merchandise trade [8]. - Freight forwarders are facing pressure on margins due to higher carrier rates and rising competition, with multinational companies expanding operations in Africa as the continent's trade is projected to grow faster than the global average [8]. Key Players - The report profiles 22 notable companies in the South African freight forwarding industry, including Africa Global Logistics South Africa, DHL Global Forwarding SA, and Kuehne and Nagel [3][9]. Key Topics Covered - The report covers various aspects of the industry, including its value chain, geographic position, size, state, trends, issues, notable players, corporate actions, and influencing factors such as economic environment and technology [10][11].