Thinking about the past year and the impact that Covid 19 had in supply chain, we can easily understand that the ocean freight market in 2020 was far from ordinary.
Due to the pandemic, many changes that we experience now, are here to stay. Delays and unpredictable congestions will be the new normal and new tools and processes must be established to overcome the daily obstacles.
Below are some of the challenges we faced during the pandemic year:
Ocean Freight Rates
The past year, ocean freight rates reached a historical high level. High demand during the last months of the year along with shortage of equipment in China and decrease of services from the carriers forced the rates to a point which many shippers had to reconsider about shipping or delay the dispatch of their goods.
The pandemic created also a huge pressure at ports, especially during the last months. Reduction of work force due to social distancing measures and high volumes of transported goods caused significant delays.
Vessel Capacity Shortage
While the market started to getting higher,global demand for chinese products created container shortage while carriers were unable to re-introduce new vessels to cover the desired demand.
Cargo Rollover and Transhipment
Carriers struggled with equipment shortage and high demand. The result was that more than one to three containers roll overed at major ports.
All the above created very special circumstances to the supply chain industry and showed the wickness in many areas that need to be improved. Visibility and automated tracking of orders was one of the most important areas that professionals wanted to find immediate solutions.
Orderstate offer a unique way to have real time visibility of your ocean freight and get automated alerts for any change of the ETA of your goods from any carrier. With this way you can take back the control of your shipments and act on the right time.
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