Watch: Consolations for a container shipping crisis
Global port congestion, and unpredictable transit and lead times in container shipping have resulted in one of the most dismal and uncertain times for the maritime transport of goods, something that isn’t expected to improve until 2023. However, Philip Damas, managing director of Drewry Shipping Consultants advised delegates at ALSC 2022 about the mitigation strategies they could take in the interim
Philip Damas, managing director of Drewry Shipping Consultants, outlined the state of the container shipping industry and provided advice on how to deal with the headwinds
A continuous deterioration in the accuracy of transit and arrival times in global container shipping means the sector is in the worst state it has been in for 50 years, according to Drewry Shipping Consultants. The situation is not expected to start improving until the first half of 2023 and that is having an impact on the automotive industry at a time of wider supply chain uncertainty.
However, Philip Damas, managing director of Drewry, said there were contingency measures the automotive industry could take. Those include medium-term diversification of parts and material sourcing, using alternative ports and providers of maritime transport services, different delivery routes, as well as a closer attention to spot freight rates and weekly congestion indicators.
Featuring Philip Damas, Managing Director, Drewry Shipping Consultants
Moderator Chris Ludwig, Editor-in-Chief, Automotive Logistics and Ultima Media
