Freight forwarding is the most significant part of the logistics industry. Currently, over 1,100 BAFFA members facilitate the nation’s international trade with global origins and destinations.
The Bangladeshi freight forwarding sector is an invisible backbone of the country’s economy. Without the freight and logistics sector, the entire supply chain management is simply a car without an engine.
Modern international trade consists of sophisticated interactions between individuals, corporations, and organizations; therefore, a robust, experienced, and professional freight forwarding industry is crucial for promoting and facilitating the nation’s foreign trade.
A recent study presented at an American Chamber of Commerce in Bangladesh (AMCHAM) session on logistic discourse showed that efficient logistics alone might increase Bangladesh’s exports by 20%. According to estimates, Bangladesh’s logistics business will exceed $90 billion by 2025.
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