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Nouryon Gains Full Visibility Into Their Ocean Freight Tendering Process

Xeneta Products & Solutions

 

About

Nouryon, formed in October 2018 after separating from AkzoNobel, is a global, specialty chemicals company headquartered in the Netherlands. They ship a wide array of polymers, inorganic and organic chemical products in over 80 countries, with an annual container usage of 55,000+ TEUs on approx. 6,000 shipping lanes.

 

The Challenge

  • Disparate container volumes across various trade lanes with zero visibility into their spend.
  • Inability to obtain on-demand and updated data needed to increase negotiation power with suppliers.

 

Solution | Outcome

  • 74% trade lanes with benchmarking rate data
  • Better visibility into the health of the historical and current market rates
  • Actionable target rates to drive negotiations
  • Savings potential identified during high market fluctuation period
  • Stayed on top of the market - Confirmation of good rate performance regardless of market disruption

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