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Worldwide Freight Forwarding Industry to 2026 - Asia-Pacific is Anticipated to Witness High Growth

Share: ResearchAndMarkets.com s offering. The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period. The growth in international trade volumes is a major driver for the freight forwarding market. Moreover, the rise in trade agreements between countries is also contributing to the growth of the market. Asia-Pacific is the fastest growing and the largest market for freight forwarding, with the Chinese freight forwarding market holding the maximum share. Being non-asset based, the sector is facing high competition from other players in supply chain and technology-based companies which are disrupting the freight forwarding market. The market is one of the sectors that were hit the hardest by the COVID-19 outbreak in 2020. With the lockdown in many countries and a major focus on the production of essential products, the volumes of air and ocean freight have fallen significantly in 2020. However, the market is now recoverin

Nippon Express Belgium Launches New Service Using Liege and Ostend Airports

Nippon Express (China) Becomes First Japanese Company to Acquire GDP Certification in China

Nippon Express (China) Becomes First Japanese Company to Acquire GDP Certification in China News provided by Share this article Share this article TOKYO, May 17, 2021 /PRNewswire/ Nippon Express (China) Co., Ltd. (hereinafter NE China ), a local subsidiary of Nippon Express Co., Ltd., has obtained Good Distribution Practice (GDP) certification, effective Monday, March 29, 2021, for its Shanghai Pudong Airport CFS, making it the first Japanese company in China to evidence its compliance with GDP standards for the proper distribution of pharmaceuticals in its short-term storage services. China s pharmaceutical market, the world s second largest, is enjoying steady expansion driven by an aging society, increasing per-capita income and consequently rising medical spending, and further growth is anticipated in future.

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