Customer Exclusive Resource

Red Sea Crisis Shipper Report

The Red Sea Crisis has triggered nearly a month of shipping uncertainty and rising ocean freight shipping rates. Xeneta recommends you use the data you have to action the following four steps:

 
  1. Immediately flag to your CFO and other internal stakeholders that freight costs and surcharges will be much higher than expected/budgeted.
  2. Prepare to use air freight more than expected to minimize supply chain disruption.
  3. Prepare operationally to negotiate spot rates throughout H1, rather than relying on long-term contracts.
  4. Use market data to continually monitor the situation and make data- backed decisions.

Continue reading the full report to apply learnings from COVID-19 and stay prepared for ongoing challenges.

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