Impact of global economics on road rail and sea transport SIGNATURE MEDIA FZ LLE P. O. Box 49784, Dubai, UAE Tel: 04 3978847/3795678 Email: info@signaturemediame.com Exclusive Sales Agent Signature Media LLC P.O. Box 49784, Dubai, UAE Publisher: Jason Verhoven jason@signaturemediame.com Director: Peter Dass peter@signaturemediame.com Managing Editor: Munawar Shariff munawar@signaturemediame.com Art Director: B Raveendran ravi@signaturemediame.com Production Manager: Roy Varghese roy@signaturemediame.com
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Where are we headed? Multiple and simultaneous global indicators - China’s trade slowdown, Brexit, Trump as the US President - are pointing businesses towards making new decisions. So while there is optimism that things are forecasted to look up, the path leading to that forecasted upswing is going to be trying. The shipping industry hasn’t had it any easier. Oversupply has been a bane with all industry members cutting rates in order to be more competitive that the next creating perfect conditions for bankruptcy or the other option which is creating alliances of merging with other shipping companies. While all this happens, technology in the logistics industry is on a completely new path. Digital disruption is taking place at incredible speed within the logistics industry, and offers to completely change the way logistics operates entirely in the near future. Independent research suggests fleet management is probably the most mature IoT market segment. So while companies are learning and adapting to this disruptive change, the industry is poised to be bigger and better when market conditions finally change.
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Munawar Shariff Managing Editor munawar@signaturemediame.com
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