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.
Philip Damas, Managing Director, Drewry Shipping Consultants
Chris Ludwig, Editor-in-Chief, Automotive Logistics and Ultima Media
This session was held on Wednesday May 4, 2022 during the Automotive Logistics and Supply Chain Europe conference