NYSHEXBlog
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 chains’ increasingly global scope. And supply-chain leaders haven’t done themselves any favors […]
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 radically higher than the five-year average of $5,214. Meanwhile, demand for oil only continues to […]
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.”
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.
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 sacrifice the facts behind all interactions, whether that’s transport contracts, 3PL […]
4 Ways to Optimize Allocation and Reduce the Cost of Non-Performance
Come foggy waters, a lighthouse can guide a ship safely to port. In logistics, visibility is vital, and we’re not talking only about navigation. Poor visibility with freight allocation leads to mediocre optimization, with valuable space wasting away unused or shipping times slowed as carriers wait for holds to fill up. The result? Inefficient networks end up plagued by costly non-performance and […]
Four Revealing Insights from TPM ’22 Highlight the Value of Relationships and Reliability
After a three-year hiatus, TPM 22 provided carriers, shippers, and other stakeholders a chance to catch up and work through the thorny issues that plague our industry. The conference drove home just how important relationships are in a globalized world crisscrossed by supply chains.NYSHEX Records 340% Revenue Growth and Triples Shipping Volume
Technology solution removes risk, providing a predictable, efficient system for global commerce New York, New York – NYSHEX, the leader in two-way committed contracts, today announced revenue growth of 340 percent in 2021. In addition, shipping volumes more than tripled and the company grew its global footprint with the opening of a London office and has plans to open in Singapore early this year.
