Supply chain finance: Digital freight forwarding is on the move

Customers are starting to embrace digital forwarders that provide supply chain finance services as well as digitized freight forwarding.

The potential of services that combine trade finance and freight services has been understood for some time.

In a 2018 report, Boston Consulting Group estimated venture capitalists had poured more than $3.3 billion into digital shipping and logistics start-ups between 2012 and 2017, and suggested that digital freight forwarders would inevitably expand their offerings to connect to other service offerings along the logistics value chain.

In June, UK-based digital freight forwarder Beacon announced it had raised more than $15 million in its Series A fundraising round.

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