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NYSHEXBlog

NYSHEX Partners with MSC to Digitize Contract Performance

The New York Shipping Exchange (NYSHEX), a leader in digital shipping solutions, is pleased to announce our collaboration with MSC, the world’s largest shipping line, to enhance the digitalization of ocean freight contract performance.
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Three Trends I Observed During Two Years on the Service Provider Side

By: Bryan Most It is super exciting for me to come back to an advisory role with NYSHEX after having spent the last couple of years on the 3PL and service provider side of the business.
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What Is Shared Digital Infrastructure and What Is Its Role in Logistics?

In the fast-paced world of logistics, where supply chains stretch across continents and delivery windows are shrinking by the day, shared infrastructure plays a crucial role in keeping operations running smoothly.
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Crocs, Inc. Vice President of Global Distribution & Logistics joins the NYSHEX Board

Mary McNelly, VP of Global Distribution & Logistics for Crocs, Inc. selected to serve as Shipper Representative Director
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Not All “Contracts” Are Contracts – And That’s a Good Thing

SCFI spot rates have now dropped to $3,050/FEU to US WC and $3,545/TEU to Europe. Overall spot rates are down 27% from a month ago. At this point most shippers who signed contracts on the major global trade routes are looking at spot rates much lower than their contract rates. Many are wondering if they […]
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Thinking About Adopting an Allocation Management Tool? Here Are 3 Ways It Can Help

Freight management is constantly growing, generating tremendous interest in finding today’s best allocation management tools. Still, the connected world of freight management carries risk, especially as retailers move further away from handling each individual shipment.
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NYSHEX Closes $25M Series B to Improve the Reliability and Efficiency of Global Shipping

Investment will accelerate the development of digital infrastructure for the global shipping industry. September 14th, 2022 – NYSHEX, the leader in ocean contract performance technology, announced a $25 million Series B funding round led by Collate Capital. In addition, Blumberg Capital, Goldman Sachs […]
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5 Signs You’re Ready to Add Allocation Management Software to Your Tech Stack

As noted by Shopify, businesses are searching for new ways to succeed in an evolving delivery economy, with e-commerce sales expected to crest $5 Trillion in 2022 and reach a staggering $6 Trillion by 2026. Yet, growth isn’t isolated to e-commerce. Change is occurring everywhere in the industry. […]
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3 Ways Allocation Management Tools Help Shippers Maximize Utilization

With 95% of consumers now considering fast shipping as “delivery done on the next day,” according to FreightWaves, businesses are under more significant pressure than ever to provide fast, affordable delivery. However, this unprecedented demand for lightning-fast shipping comes amid a capacity shortage […]
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What is Allocation Management Software?

With 29% of U.S. Consumers saying they’ll shop online more after the COVID-19 Pandemic, according to FreightWaves, it’s becoming clear that the pandemic boom in eCommerce is here to stay. Though the boom in business has been good for online retailers, shippers and businesses are scrambling to meet the […]
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How to Be Proactive, Not Reactive, With Your Allocation Management

With 69% of customers saying they won’t shop with a retailer again if their package isn’t delivered within two days of the expected date, according to SupplyChain24/7, it’s more important than ever for businesses to deliver packages on time. However, antiquated logistics technology can make it difficult […]
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The Cost of Reactively Managing Your Allocation

Poor allocation management solutions can lead to massive cost increases across the supply chain. Despite these costs, many companies still rely on legacy processes and inefficient means of managing data. As reported by McKinsey & Company, “Close to three-quarters of supply-chain functions rely on the […]
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The Importance of Standardization When Managing Allocation Across Multiple Ocean Contracts

Proper supply chain optimization begins with standardization. The frantic growth of the supply chain and congestion of trade lanes has made it more difficult than ever for logistics businesses to manage their contracts and allocation effectively. Even with a set number of ocean carriers operating, […]
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4 Strategies to Improve Your Allocation Utilization and Prevent Contract Shortfalls

Allocation management remains a challenge for many shippers. According to Inbound Logistics, 48% of shippers rate their forecasting technology as average to very poor. While that statistic may have improved, current forecasting solutions leave much to be desired.
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3 Reasons Shippers Struggle to Manage Their Allocation

For BCOs, managing their allocation has always been a struggle due to the many variables that can result in shortfall and missing out on containers they contracted for. As explained by McKinsey & Company, the “ability to forecast demand and determine how to meet it has been further challenged by supply […]
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The Pitfalls of Using Excel to Manage Your Allocation

The global supply chain continues to endure massive challenges, including lacking capacity and failure to utilize such capacity fully. According to the Drewry World Container Index, rates declined in early June 2022 to $7,625.56 per 40ft container (FEU). While that’s a positive movement, it’s still […]
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Causes of Poor Contract Utilization and What to Do About It

Though the World Container Index has dipped slightly in recent weeks, it’s important to note the large-scale growth the WCI has seen in recent years. According to Drewry, on May 12th, 2022, “The composite index decreased by 0.9% […] but remained 33.7% higher than a year ago.”
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What’s Limiting the Ability of Shippers to Fully Utilize Their Allocation and How Integration Helps

The recent delays surrounding ocean cargo capacity can be traced back to early 2019 and the onset of COVID-19 when customers across the globe fueled a higher-than-ever demand for containerized goods.
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3 Reasons Ocean Contracts Fail and How to Overcome Them

The freight management world continues to experience disruption after disruption. From late 2021 through early 2022, world container rates soared beyond imagination. In response to any disruption, new logistics technology offers a solution. All companies want growth and success, but that growth must not […]
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CaseStudies

Learn how BARK used NYSHEX to meet their allocation in-full in 2021 and get ahead of challenges at both destination and origin.

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NYSHEXPodcast

2022 was a crazy year for the container shipping industry. But how can we take these learnings to adjust our strategies for the coming year? In our latest episode, Don brings back Caroline Weaver, Account Manager at NYSHEX, to review what happened in 2022 and what lessons we can bring into the new year. In […]

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NYSHEXWebinars

How to hedge against volatility with multi-year ocean contracts

With all the market challenges and more to come, shippers need to be proactive to avoid future disruptions. Join our upcoming webinar to learn why shippers are starting to sign multi-year contracts to rebuild confidence and stability in the supply chain operations and create an…

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NYSHEXWhitepaper

Winning in Ocean Contracting in 2020 and Beyond

The shipping industry has changed, and reliability has suffered. As an ocean procurement executive, however, your objectives to contract competitive freight rates, minimize spend deviations versus forecasted budget, and ensure cargo arrives on time have not changed. In this white paper, Chuck McDaniel, former Global Logistics Procurement

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