Ocean capacity is rising, demand is cooling, and 'the market is starting to turn'
Container spot freight rates on the main east-west ocean trades showed their first decline since ...
© Viorel Dudau
Think of this blog post from supply chain software provider Quintiq as a companion piece to our story today: the latest on Hyundai Merchant Marine financial restructuring – or lack thereof… Quintiq’s Kris Kosmala argues that container lines that continually focus on cost control are ultimately playing a zero-sum game – at some point there are no more costs to cut. Instead, lines should focus on revenue management: “The only time a line can master higher profits out of their revenues, is when it uses the power of all that data to outsmart their competitors.”
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