By Jens Kalter, Global Head of LCL and Peter Smith, Global Ocean Product Development, CEVA Logistics
The latest demand data for September shows global container demand grew by 6.9% compared to last year*.
Restocking inventories and fast-forwarding of orders due to second wave fears have seen volumes swell not only on the East to West trades and vice-versa but also in the North to South corridors. CEVA Logistics has observed an increased imbalance between supply and demand with demand outperforming supply since September 2020.
The geographical imbalance of increased demand has resulted in a critical equipment shortage. This has become acute for North America, Asia, and in particular, China, resulting in unprecedented rate increases. Carriers have implemented multiple GRIs and Peak-Season Surcharges. Nevertheless, shippers struggle to find ocean carriers which can accommodate the increased demand. As a consequence, also critical shipments are delayed with severe implications for the Supply-Chain.
More and more shippers have started to book time-sensitive cargo as LCL to secure as much space as possible and enjoy the priority treatment of CEVA Logistics. With our Share the Box solutions we provide you with a global network of LCL specialists, covering 1000 locations using our strategic gateways and 10,000 port pairs, providing weekly direct door to door solutions. From origin to destination, using our services you have the flexibility to move your cargo, whatever the size, wherever the location with the reassurance that your shipment is safe, fully visible and using the best possible routes and service.
*Source: Sea-Intelligence Sunday Spotlight (November 8, 2020 – Issue 488)
Our LCL solutions cover 1,000 locations using our strategic gateways and providing weekly direct door to door solutions