'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
Short-term pricing, dual-sourcing strategies and managing increased supply chain complexity are now “front and centre” for global ocean freight shippers.
Julia Myroshnychenko, global category team lead for international logistics at Henkel, a German chemical and consumer goods manufacturer, said the company had been “hit” on some annual rate agreements.
“We weren’t able to maintain those rates, which is a big issue for a manufacturer like us,” she said at yesterday’s Makers and Movers global summit.
“So we’re mostly looking at a hybrid approach, ...
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