As we enter the new year, the freight shipping industry is gearing up for some major changes and trends that are likely to shape the sector for the coming months. From the impact of digitalization and automation, to growing ESG (Environmental, Social, and Governance) concerns, here’s a look at some of the freight shipping trends to watch out for in 2021:
1. Increasing Adoption of Digitalization and Automation:
The pandemic has forced many freight shipping companies to adopt digitalization and automation at an accelerated pace, and this trend is expected to continue in 2021. With more people working remotely and customers increasingly demanding real-time information and updates, the use of digital technologies such as blockchain, IoT, and AI will become more widespread.
2. Growing Emphasis on ESG Metrics:
Environmental, social, and governance (ESG) considerations will play an even more prominent role in the freight shipping industry in the coming months. Customers are demanding greater transparency and accountability when it comes to sustainable practices, and freight shipping companies that prioritize ESG factors are likely to have a competitive advantage.
3. Shortage of Shipping Containers:
One of the major challenges faced by the freight shipping industry in 2021 is likely to be a shortage of shipping containers. This is partly due to the pandemic-related disruption of global supply chains and the uneven distribution of containers around the world. As a result, shipping rates are expected to remain high, and companies may face delays and increased costs.
4. Transportation Infrastructure and Capacity Constraints:
The transport infrastructure and capacity constraints also pose significant challenges for freight shipping companies in 2021. The pandemic-related restrictions and lockdowns have further strained the shipping industry’s already limited capacity. However, as economies slowly reopen, we can expect to see this pressure easing gradually.
In conclusion, 2021 is set to be a year of transformation for the freight shipping industry. As digitalization, sustainability, and supply chain resilience become more critical than ever before, companies that adapt to these trends quickly and effectively will be the ones that emerge as market leaders.