What are Demurrage Charges? Shipping lines either own or lease containers, which they give to their clients (shippers or traders) for secure and timely delivery of their merchandise. Because the cost of operating the container during door-to-door transportation is added to the shipment, shipping lines must turn their containers around as quickly as feasible. As…
According to a recent study, 69% of companies do not have total supply chain visibility. Shippers face a daunting array of complicated difficulties or pain points when operating in today’s frequently volatile logistics and supply chain ecosystem. There are numerous potential sources of discomfort, but lack of visibility is the worst. So how can shippers…
Did you know that demurrage and detention charges can accrue up to 20 times the container’s value? With international shipping rates already soaring, any extra expenses incurred on top of the freight rate will take a bite of your margin. Today, the detention and demurrage charges easily exceed $100 per container per day. While D&D can be an…
As China sticks to its zero Covid policy, a two-stage lockdown in Shanghai has created further fears of supply chain disruption. The Shanghai lockdown is causing ripples in a setting where severe port congestions, blank sailings, and increased freight rates are ongoing challenges that are yet to be resolved. In light of disruptions created by earlier pandemic-related…
Shipping as an industry is interconnected like no other! As the Russian invasion of Ukraine extends into its fourth week, its effect on an already stressed shipping industry continues to hammer what is believed to be a long path of recovery. In the last two decades, there has not been a time where the magnitude of the…
What if you could bring down your average response time to supply chain disruptions from months or days to mere minutes, say up to 90% faster than before, wouldn’t you be embracing that possibility immediately? And what if you already have half the solution in hand and only need to work on getting the other…
One of the key areas where customers see value from a logistics platform is having a real-time update on the movement of their cargo – seeing where the shipment is, always. But today, there’s more supply chain visibility. In 2022, while business leaders are working on building resilient supply chains for their organisations, the scope…
The ocean moves over 90% of the world’s goods, and most of these sea shipments move in containers. To accommodate the wide variety of goods, there are different types of shipping containers, each used to serve a specific purpose. These containers play an integral role in global trade and ensure that cargo makes it to…
A common thread that runs across the world’s winning supply chains is their ability to build and manage relationships. By mastering the art of supply chain collaboration, these companies have been driving cost savings and process efficiencies. But what does supply chain collaboration mean, and how does it fit into present-day supply chain management? In…