Articles
Top Challenges in the Freight Forwarding Industry
by Salt Operations Global Logistic Services CameroonThe most booming industry of today’s time is the shipping
industry. When things come to enhance business outreach, the shipping industry
needs to deal with plenty of challenges throughout the years and the situation
would get more challenging in the future. In this article, you will get to know
what the biggest challenges are facing by today’s Cameroon
freight forwarding industry.
Scarcity of employees
for flawless services
The biggest challenge to think about in future prospects is
the possibility of losing maritime employees. As per a recent survey, there are
39% of shipping industries employees in the UK are going to leave their jobs
and would take jobs in foreign countries.
This shortage of employees would negatively affect the UK
shipping industry. With the lack of employees, the companies will face
difficulties in handling their business operations. How will industries survive
without an adequate amount of staff members?
Amendments of New
Environmental Regulations
It is quite obvious that stricter environmental emissions
regulations will benefit in longer-term but shipping industries have to face
short-term challenges. Amendments of these environmental regulations bring
changes that one has to adopt and apply as new regulations depend on certain
technologies.
The government needs to check that freighting forwarding
companies meet the new regiments and ensure environmental safety. Doing so will
affect companies' budget and operation costs. This is because most of the
technology is not reliable and hasn’t been universally accepted. Therefore,
shipping industries may lose profit by investing in these technologies that may
not even work.
Risk of security and
safety
There are always the challenges that shipping industries
have to calculate: security risks. They need to overcome the issues connected
with the safety of goods and their delivery process. The presence of pirates
put a bigger threat on the shipping industry as there is a gradual increase in
the number of maritime piracy and armed robberies on ships in Southeast Asia
and West Africa
Another factor is to think about is the cyberattacks. The
use of modern technologies makes freight forwarding companies more susceptible
to these cyberattacks. Reuters has recently published an article that discusses
the strategies of NATO-accredited think tanks and said “Increasingly, the
maritime domain and energy sector has turned to technology to improve
production, cost and reduce delivery schedules. These technological changes
have opened the door to emerging threats and vulnerabilities as equipment has
become more accessible to outside entities.”
Costs of materials
have increased
The shipping industries are witnessing the rising costs of
vital material that affect their competitiveness negatively. These surges in
prices may increase the costs of business operations. Freight
forwarding companies Cameroon have to face serious issues if they have
to bear with higher prices of fuel as well as poor market conditions.
Higher costs affect the entire process of any company, and
it needs time to regain its position. As per recent updates, the Malaysian
domestic shipping companies are dealing with different problems due to these
higher costs. The global shipping industries have to think about how to tackle
these challenges to maintain their business progress.
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About Salt Operations 
Global Logistic Services Cameroon
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Created on Feb 2nd 2020 23:07. Viewed 345 times.
