Freight Market Update

Using Global Trade Intelligence to Address Shipping Delays and Enhance Supply Chain Resiliency Today and in the Future The current global shipping crisis has seen port delays increase significantly, severely impacting the top and bottom line of companies as they struggle to deliver products and raw materials to market. Structural changes in consumer buying behavior have made port congestion and delays the norm, and many shippers and logistics providers alike are projecting the situation will continue through 2022.

Shipping’s commitment to fulfil climate change obligations has had an unintended consequence: continuing investment to enhance safety is often a secondary consideration. History teaches us that accidents and incidents rise when competing issues – such as new technology or emissions reduction – take over management time and effort.Shipping is one of the most dangerous activities in transportation, so safety must be placed first at every level of an organisation. What’s getting in the way and why?

In these uncertain times, one of the keys to bringing travellers back on board public transport is rebuilding trust. Riders need to trust that the transport systems they’ve relied upon in the past are still safe, dependable and efficient. In this webinar, Moovit’s Frank Kopas discussed how agencies can utilise apps as rider engagement tools and gain insights to improve operational plans. Cubic’s Robert Sprogis provided an overview of how municipalities, transport agencies and operators, and large businesses can leverage rewards and incentives to manage travel behaviour and passenger loads. Cubic’s Bonnie Crawford also provided use cases for marrying the rich rider and operational data for improved traveller experiences.

Supply chain risks are high these days. The importance of mitigating those risks is just as high. It's time to look at how we manage risk and optimize supply chains in order to make our next chapter as profitable as possible.