Visibility and agility will become more important to supply chains than speed
Better visibility and more responsive supply chains are the only way for shippers and their ...
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By Mike Wackett
“It’s not something that we plan to do”, said the Maersk Group chief executive last week, referring to the growing clamour from shippers to drop slow-steaming and improve transit times and schedule reliability.
Slow-steaming was introduced in 2009 by carriers under the guise of a ‘saving the planet’ environmentally responsible initiative, but it was more to do with massaging their balance sheets as the price of fuel escalated.
The carriers had calculated that they could make substantial savings by reducing the service ...
Comment on this article
Hariesh Manaadiar
March 06, 2015 at 4:53 amHaving been in the industry several years, I personally do not know of any shippers who are prepared to pay extra freight just so that their cargo reaches destination in time..
There maybe some JIT delivery customers who look for the fastest transit time, but on a 10000 TEU ship for example if they have about 10 TEUS, the shipping lines are not likely to speed up to accommodate these 10 TEUs..
It is natural that any shipping line will sail at the speed that is most economical for them..