Shipping is an asset-heavy industry and spares are the now topping crew wages as second most costly expense line item only after fuel and lubricating oils. You guessed correct, crews are being reduced through automation, systems, process cull and lengthier times /rotation. Ship Spares’ Supplies are technical department’s domain and rightfully sound dull and, ah.. […]
How is technology changing the Logistics industry? Just now? Old-school and a notable laggard on the digital investment until recently, now the logistics industry is turning quickly into a hotspot for startups, concept proofing and new products. The convenient verse that logistics is a conventional and conservative domain, a near-commodity business with thin margins and […]
Running a thin, tight and efficient warehouse touches both top and bottom lines ot the Income Statement. “There are no solutions. There are only trade-offs.” – ― Thomas Sowell For a company trading in physical goods, the warehouse operation is a core premise for the physical delivery and a happy customer; a paying one that […]
From Wikipedia: It is provided by the Lex Rhodia that if merchandise is thrown overboard for the purpose of lightening a ship, the loss is made good by the assessment of all which is made for the benefit of all. — Julius Paulus Prudentissimus, Opinions of Paulus (circa 230 AD)[2] – source: Wikipedia The run up to running […]
A QUICK GUIDE Trade finance in a nutshell Trade Finance is how a buyer pays or guarantees payment to the seller in a cross border sales transaction in physical goods. In the following article we’ll look at the Trade Finance workings from the point of view of an importer, who fixes a sale and purchase […]
The data economy, Industry 4.0, ML/IA, XaaS, mining. Which part of the data story is touching the Shipping industry? The new in how businesses operate is the tooling. Tools are set in data now. In a couple serialized posts, we’ll hand out the business case for the Big Data for Logistics. (1) User’s viewport: The […]
This reading strips bare the price a merchant pays to ship a marine container. Starting with the shipping service in terms of product features. Plus technical details for the special cases. In a follow up article we’d lay out some of the anecdotal evidence in print and web, to put this into ‘high seas’ perspective. […]
Rescue Supply Chain Management from the Chains of Legacy. The Motivation Digital transformation is a cathartic effort for any participant in the conventional freight industry. Aim is to steer running your company in the new ways of working (Industry 4.0), that is for faster, cheaper, scalable, digital, transparent, compatible, user-friendly and eco-fiendly business by investing […]
Festive disruption, costly distinction and the merits of planning Up next in February – Lunar, Spring Festival or Chinese New Year What is happening when and where: an all-of- China holiday period to starts Feb-12 2012 for a 1 to 2 weeks until Feb-25th. 2021 is for the year of the Ox. The production shuts […]
How does the new Incoterms 2020 translate into my costs. Is it adding or just shifting between the trading parties? (to disillusion – no unification compliance or self-regulatory effort has resulted in direct cost avoidance or reduction to date). Where and what for do I still get charged? How to hedge my bets on imports, […]
