Frost Radar: Transportation Management Systems in North America and Europe, 2022

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

The COVID-19 pandemic disrupted global supply chains, which still struggle with unpredictable shipment delays and longer harbor freight holdups on top of inefficient planning, higher costs, and lack of real-time visibility. The transportation management system (TMS) market is on growth trajectory as more companies realize the potential to reduce transportation spend by streamlining its management.

A TMS helps manufacturers, retailers, distributors, wholesalers, and third-party logistics (3PL) companies plan, execute, and monitor the physical movement of goods. Still, Frost & Sullivan estimates that about 35% of shippers, carriers, and transportation and supply chain companies do not use a TMS solution despite potential cost savings in the range of 8% to 10% and productivity improvements in the range of 2% to 15% considering optimization, procurement, and scheduling.

Implementation speed is crucial for customer companies, which need the flexibility to accommodate rapid changes in the transportation network and select the best possible and most cost-effective quotes from vendors. It is imperative that TMS solution providers have scalable platforms that can quickly bring end-to-end supply chain information into a single dashboard.

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 numerous companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.