The Fundamental Challenges Plaguing The Container Shipping Industry

06/22/21 • 33 min

COVID-19, Suez Canal Blockage, Port of Yantian closure...
These are all new event that have instigated the turmoil we're seeing right now.
However, what's not new is that disruptions have consistently occurred in the past that impact supply chains internationally and they create havoc every time.
In this episode, Bryan and Don sit down with Jesper Praestensgaard, Managing Director at Humanostics to discuss why the system is not designed to deal with these sudden disruptions and ways shippers and carriers can think about fixing it.
In this episode, you'll learn about:

The fundamental challenges the container shipping industry has been dealing with for over 30 years.
Why incentives are misaligned for shippers and carriers
Why Jesper is excited about two-way committed ocean contracts and how they can help shippers and carriers with reliability.

And much more!

The fundamental challenges the container shipping industry has been dealing with for over 30 years.
Why incentives are misaligned for shippers and carriers
Why Jesper is excited about two-way committed ocean contracts and how they can help shippers and carriers with reliability.

And much more!

Previous Episode

What the Heck is Going on in Container Shipping? Part One

With continued ripple effects occurring that are causing issues for supply chains, it can be useful to take step back and take a holistic view at what's happening in the market.
In this episode, Don and Bryan diagnose what's going on in the market today and how shippers can best prepare to overcome the challenges they are experiencing.
You'll learn about:

The current status of the container shipping industry and how did we got here.
What Don and Bryan believe the future looks like and if the current rates are the new normal.
When they believe the market will soften and that will look like.

And much more!
Subscribe to the NYSHEX YouTube channel for more valuable (free) content on ocean contracting and supply chain best practices:
YouTube ► https://www.youtube.com/channel/UCpAbLM5WE0YJP7c8mZZjDVw
Subscribe to The Supply Chain Secrets podcast. Perfect for people that are on the go:
Podcast ► https://supplychainsecrets.buzzsprout.com/1717053
Connect with NYSHEX:
LinkedIn ► https://www.linkedin.com/company/7930436/
Facebook ► https://www.facebook.com/NYSHEX/
Instagram ► https://www.instagram.com/nyshex/?hl=en
Twitter ► https://twitter.com/NYSHEX
Website ► https://www.nyshex.com/
✅ For questions or feedback on the podcast direct message Don and Bryan on LinkedIn: https://www.linkedin.com/in/bryan-most/
https://www.linkedin.com/in/donaldadavis/
#SupplyChain
#ContainerShipping
#Logistics

Next Episode

What the Heck is Going on in Container Shipping? Part Two

A couple of weeks ago, Don and Bryan diagnosed what was going on in the container shipping industry and some strategies to help shippers through these turbulent times.
There was a lot of feedback and questions on this episode, so Don and Bryan dove deeper into some of the topics they touched on in the first episode.
In the episode, you'll learn about:

How importers can take advantage of opportunities to get space relief.
Strategies exporters can implement to become a shipper of choice with their carrier partners.
How shippers can take advantage of two-way commitments to protect their interests while strengthening relationships with their carrier partners.

And much more!