Description

Freight visibility platforms have transformed how logistics stakeholders manage their inbound and outbound shipments in light of the recent
COVID-induced supply chain disruptions. Globally, the need to streamline freight management systems and introduce real-time freight visibility is pressing. With the platforms’ unique value propositions, enterprises can rely on predictive and dynamic intelligence to optimize transportation performance and end-to-end supply chain orchestration.

Intensifying focus on climate change and environmental sustainability leads enterprises to make cautious decisions about their product/service portfolio strategies and supply chain operations. These decisions have a direct impact on infrastructure and fleet modernization initiatives for smart mobility operations and enterprise sustainability targets.

Today’s real-time freight visibility services represent a core element needed for shippers, logistics service providers, and other transportation value chain participants to restructure their operational strategy and boost their agility and supply chain resilience to mitigate challenging times.

Enterprises adopting visibility platforms is a nascent trend, whereby developed markets are contributing the most revenue to this emerging space. In particular, the adoption of Visibility-as-a-Service promises to deliver considerable added value to an organization's bottom line and will become an integral part of logistics execution systems in the next 3 to 5 years.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the
Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Author: Mugundhan Deenadayalan