Shippers Use Data to Adapt to Changing Ocean Freight Market
The global maritime market faces challenges including overcapacity, industry consolidation, and technological advancements. The rise of the New Silk Road presents shippers with alternative transportation options. Shippers should closely monitor market dynamics, diversify transportation channels, embrace technological innovation, strengthen risk management, enhance negotiation skills, and actively participate in industry associations to navigate these challenges. By adopting a proactive and informed approach, shippers can optimize their supply chains and mitigate potential disruptions in the evolving maritime landscape.
