Freight Forwarding Industry: Function, Economic Role and Future Market in Bangladesh.

Author: S. M. Abu Nayem Sarker
DOI: doi.org/10.70279/bmj-v1-i1-1093
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A freight forwarder is an entity that acts as an intermediary between the actual shipper and the carrier. Freight forwarder provides other logistics and legal services for shipper as value added service, nowadays it books Freight, prepares documentation, arranges Warehousing and aids to Custom Clearance on behalf of shippers or importer. The aim of the paper is to uphold function, economic role and services provide by freight forwarder and predict future market in context of Bangladesh. There are about 837 freight forwarding company have been registered under Bangladesh Freight Forwarders Association (BAFFA). Due to frequent shipment of garment, leather, medicine and other consumer product across the world, the industry is on making profit. The paper suggests some measures that can make our market stable for the future and some ways to reach sustainable goals simultaneously through technology (like cloud computing). And recommend freight forwarders leveraging new technology to compete with market leaders.