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History may not repeat itself, but it most certainly rhymes.
Last week Donald Davis sat down with the esteemed Lars Jensen to discuss what has been happening in the markets and what to expect going forward. Strikes, disruptions, reduced capacity, rate changes, IMO, new alliances. This episode covers a ton and provides some market context that you wont want to miss.
If you’re looking for an efficient way to stay up to date, go give it a listen.
In this week’s episode, you'll get to hear about:
✔️ The next 12 months for spot and contract rates
✔️ Carrier alliance and potential scenarios for networks next
✔️ New capacity and the outlook for IMO 2023
And plenty more 🔥 advice!
#supplychainmanagement
#logistics #technology
#freight
How are shippers thinking about this market?
With everything going on from freight strikes to rates slipping, we sat down with James Thatcher from Totes Isotoner to hear how one shipper is handling the changes and strategizing for the future.
Don Davis asks the important questions as always on moving containers, carrier differentiation, and whether new services affect shippers perspective when picking carriers.
In this week’s episode, you'll get to hear about:
✔️ Changes in the industry since 2020
✔️ Tactical solutions to moving containers inland
✔️ Cost-benefit analysis between higher rates and better services
✔️ Carrier differentiation and technology for shippers
And plenty more 🔥 advice!
#supplychainmanagement
#logistics #technology
#freight
One of the biggest challenges in the supply chain for retailers and cargo owners has been the fluctuations in the ocean market and the significant variability in contract performance. As rates and fees continue to adjust, what can retailers do to secure predictability and performance reliability?
Hear from Matt Marshall from NYSHEX, Jenny Bartolf from BARK, and Sherry Liu from CarParts.com to hear what to expect in the future of ocean contracting and how forward-thinking retailers are shifting their strategies.
#supplychainmanagement
#logistics #technology
#freight
Knowledge doesn’t always translate to power.
In fact, most supply chains struggle to make sense of the massive influx of data and events that occur in global shipping at any given moment.
So Don Davis tried to make it easy for you.
If you’re looking to get your knowledge straight from the tap, check out our latest episode with Peter Tirschwell from S&P Global (who recently merged with the JOC and IHS Markit) to get an update on labor negotiations and more!
In this week’s episode, you'll get to hear about:
✔️ Takeaways from TPM 2022
✔️ Demand outlook for the remainder of 2022
✔️ ILWU, PMA, and OSRA updates for the industry
✔️ IMO 2023 and the new fuel ratings
And plenty more 🔥 advice!
#supplychainmanagement
#logistics #technology
#freight
Let’s talk NVO strategy.
This week Don Davis sat down with Benton Kauffman, SVP of Transpacific Ocean at DSV, and Konrad Torzewski, Senior Director of Account Management, NVO at NYSHEX to talk about the past, present, and future of NVOCCs.
If you rely on NVOs as a key part of your supply chain strategy, you’ll want to give this one a listen.
In this week’s episode, you'll get to hear about:
✔️ Defining the modern NVOCC for the industry
✔️ The evolution of NVOCCs over the last decade
✔️ Becoming an “NVO of Choice”
✔️ How to manage both shipper and carrier relationships
And plenty more 🔥 advice!
#supplychainmanagement
#logistics #technology
#freight
From the Let's Talk Supply Chain Podcast:
Today I’m joined by NYSHEX, a leading shipping technology company that is creating reliable ocean shipping through effective digital contracts.
NYSHEX was built to restore trust and reliability in global trade. As the leader in two-way committed contracts, their neutral exchange unites shippers and carriers with a predictable, efficient, and accountable system for global commerce.
Today Gordon Downes, co-founder and CEO at NYSHEX, joins me to chat all about the company: what they do; the current challenges faced by the shipping industry; the importance of collaborative relationships; and how improving supply chain reliability will revolutionize the industry.
In this episode we discuss Ocean Shipping and:
[06.22] Gordon’s journey, from working across the world for Maersk to co-founding NYSHEX, and what he learned along the way.
“I started to question – ‘why is the ship full, why do we have to roll these customers?’ And you start to realize, quite quickly, that in our industry – even though contracts get signed and agreements are made – the practice is not to take them as seriously.”[12.08] A closer look at the landscape of the shipping industry, how it’s changed since NYSHEX was founded, and the current challenges.
“People were telling me ‘this will never work – people are too stuck in their ways! It’s such an old, legacy industry’… but through the pandemic, and even prior, the mindset of the industry was starting to change.”[16.42] An overview of NYSHEX – what they do, and how they help their customers – and exactly how NYSHEX benefits ocean shippers.
“The average contract fulfilment rate – and this is data from pre-pandemic, it’s got worse during the pandemic – is about 65%. We’re seeing fulfilment rates through our application of around 98%.”[23.45] The impact of NYSHEX’s benefits on shippers, and on the industry.
[27.11] A look at the integration and onboarding process for shippers.
[31.18] How NYSHEX works for carriers and the benefits the product brings.
[38.19] The ideal client for NYSHEX.
“Collaboration and trust is paramount… so, for us, it’s the shippers and carriers who really have the intention to make good on the terms of their agreements with their customers, because not everyone is like that.”[41.12] A case study, showing how NYSHEX helped one key customer ‘save Halloween.’
[44.56] The future for NYSHEX, and for the ocean shipping and industry at-large.
“Coming out of the pandemic, as bumpy and disruptive as it’s been, it’s going to result in a much more robust, more resilient shipping and logistics industry, coupled with the supply chain that runs on top.”
Want to watch this on YouTube? 👀 Click here!
Head over to NYSHEX’s website now to find out more and discover how they could help you too. You can also connect with NYSHEX and keep up to date with the latest over on LinkedIn, Twitter, Facebook, or Instagram, or you can connect with Gordon on LinkedIn.
Check out our other podcasts HERE.
Do you like strawberries?
Even if you don’t, odds are that some of the food you’re going to eat today arrived in your country in a shipping container. Temperature-controlled supply chain networks are an integral part of global trade and last week we sat down with Steve Statler from Wiliot to discuss the future of cold chains and how they are being operated today.
If you’re looking for a fascinating episode that puts our day-to-day into the perspective of supply chain management, look no further.
In this week’s episode, you'll get to hear about:
✔️ IoT and how digital technology is being integrated into supply chains
✔️ The environmental impact of cold chain technologies
✔️ How the future of IoT and supply chain may merge
✔️ Successful companies using IoT and wireless technology to manage freight
And plenty more 🔥 - I mean, 🥶 - advice!
#supplychainmanagement
#logistics #technology
#freight
From The Logistics of Logistics Podcast:
Gordon Downes and Joe Lynch discuss the NYSHEX story. Gordon is the Co-founder and CEO at NYSHEX, a company that exists to help restore trust and reliability to global trade so everybody wins.
About Gordon Downes
Prior to starting NYSHEX with the mission to enable more reliable shipping, Gordon spent 12 years with a carrier at Maersk and 3 years with a shipper at SABMiller (now ABInbev). He holds an MBA from Cambridge University in the UK, and degrees in economics and law from the University of Natal in South Africa.
About NYSHEX
NYSHEX is the leader in two-way committed contracts. Our neutral exchange unites shippers and carriers with a predictable, efficient, and accountable system for global commerce. They are building a better tomorrow; they are a truly revolutionary company that’s transforming logistics for good. They are providing market infrastructure to help restore trust and reliability and make global trade work so everyone wins.
Key Takeaways: The NYSHEX Story
Learn More About The NYSHEX Story
Gordon’s LinkedIn
NYSHEX LinkedIn
NYSHEX
The Logistics of Logistics Podcast
Digital infrastructure is all around us.
But it hasn’t always been that way. From the backbone of the internet to the evolution of cloud services, many other industries have witnessed periods of rapid digitization in order for opportunity, growth, and innovation to be experienced.
This week we sat down with the Co-Founder and CEO of NYSHEX, Gordon Downes, and Executive Chairman, Jesper Præstensgaard, to discuss how the global shipping industry has reached a tipping point toward establishing common standards through harmonized digital infrastructure.
In this week’s episode, you'll get to hear about:
✔️ what digital infrastructure looks like today and how it relates to global shipping
✔️ the evolution of digital infrastructure over the last twenty years
✔️ why digital infrastructure is essential to any market
✔️ how global shipping is entering a new age of harmonized digitization
And plenty of other 🔥 insights!
#supplychainmanagement
#logistics #technology
#freight
According to Gartner, women account for only 15% of executive-level roles in the supply chain workforce.
So this week Don sat down with three mavericks from the industry: Krissy Van Niekerk of Maersk, April Zobel from The Andersons, and Karin Bridges from NYSHEX to discuss their experience as women working in the shipping industry and the importance of bringing diverse perspectives to the executive table.
It’s one of the best talks we’ve had surrounding #ESG in global shipping and proved super insightful for our own team, so go give it a listen!
In this week’s episode, you'll get to hear about:
✔️ How global shipping can continue to empower women
✔️ Strategies on how to navigate the industry as a woman
✔️ Why diversity at the executive level leads to innovation
✔️ The future of communities for women in shipping
And plenty more 💪 🙋♀️ advice!
Feel free to also listen to the episode on Apple Podcasts, Spotify, or your favorite podcasting app 🎧
#supplychainmanagement
#logistics #technology
#freight
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