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Risk Management in Global Ocean Context

The Logistics & Supply Chain Management Society

It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal. The areas that will be deliberated in future articles are ocean shipping market landscape, freight procurement, reliability & visibility and the competitive landscape.

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Shipping Container Shortage–Another Bullwhip Example

Operations and Supply Chain Management

An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%. Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers. Compared with last March’s low prices, freight rates from China to the U.S. KEY POINTS.

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Blockchain and the Law of Unintended Consequences

Enterra Insights

Freight Tracking. “Cargo Volume often defines the cost of shipping freight. By using IoT sensors in trucks and other shipping vehicles, shippers and transportation companies can detect the amount of space taken up in a shipment and determine cost accordingly, transmitting all of this information to the blockchain.