The ocean transport market is facing a worldwide prolonged disruption since august 2020 and from that date shippers are trying to bring order to their procurement and carrier management process without getting any positive results also because maritime problematics passed to ports and hinterland connections. Public interventions to smooth out international supply bottlenecks have been tried in many countries, among them the most hit like China, USA and UK, but their power to influence what is almost entirely a private-sector problem is limited. The container market has seen extraordinarily high freight rates and second-hand prices during the last fourteen months. But the biggest contributor to global supply chains disruptions is infrastructural bottlenecks which has resulted in port congestions and a reduction of the available capacity by as much as 10% during the first ten months of 2021. The results is the highest level of vessels utilisations in the sixty years of history of maritime container industry and therefore the highest level of freight spot rates.Last months global value chain disruptions underlined the importance of better forecast predictions and tools to anticipate bottlenecks and enhance supply chain transparency, introduce flexibility and adapt infrastructure and operations accordingly. Anticipating and preparing to face future disruptions through better collaboration among public and private operators are key to improving risk management and resilience building.
What Does the Future of Shipping Look Like After Covid-19?
Oliviero Baccelli
2021
Abstract
The ocean transport market is facing a worldwide prolonged disruption since august 2020 and from that date shippers are trying to bring order to their procurement and carrier management process without getting any positive results also because maritime problematics passed to ports and hinterland connections. Public interventions to smooth out international supply bottlenecks have been tried in many countries, among them the most hit like China, USA and UK, but their power to influence what is almost entirely a private-sector problem is limited. The container market has seen extraordinarily high freight rates and second-hand prices during the last fourteen months. But the biggest contributor to global supply chains disruptions is infrastructural bottlenecks which has resulted in port congestions and a reduction of the available capacity by as much as 10% during the first ten months of 2021. The results is the highest level of vessels utilisations in the sixty years of history of maritime container industry and therefore the highest level of freight spot rates.Last months global value chain disruptions underlined the importance of better forecast predictions and tools to anticipate bottlenecks and enhance supply chain transparency, introduce flexibility and adapt infrastructure and operations accordingly. Anticipating and preparing to face future disruptions through better collaboration among public and private operators are key to improving risk management and resilience building.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
