[Survey Results] Do You Know the Financial Situation of Your Shipping Partner?
Transcript of [Survey Results] Do You Know the Financial Situation of Your Shipping Partner?
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Do You Know The Financial Situation Of Your Shipping
Partner?
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AboutXeneta
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The downfall of Hanjin not only surprised a number of
folks in the shipping industry, but also resulted in big
shipment delays.
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As the now bankrupted container operator looks to offload remaining
containers by the end of this month, we asked social media friends if they know the financial situation of their shipping
partners.
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Financial status of partners remains a mystery
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Our unscientific survey found that over half of the respondents did not know the financial status of their shipping partners while
33% indicated they knew and 9% cited uncooperative partners.
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How can the true financial health of private shipping companies such as
mediterranean shipping company be assessed? Also, are financial health reports for oocl and uasc
credible? These being sample highlighted company examples.
- Industry expert, Jason Kearney
Container Freight Pricing Transparency With One Platform In Real Time & On Demand.
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Indeed, social media and other media is awashed with questions of who’s next to fall in the shipping industry. Like mr. Kearney points out, it’s not so simple but when determining one’s supply chain partners, it is imperative to know.
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It Pays To Be Informed
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Incorporating supplier financial risk
management into your risk management plan is usually a given. But,
as pierre mitchell of spend matters writes in
a recent article, “supplier financial risk
management only goes so far. It does provide an
‘assurance of supplier,’ but it doesn’t
necessarily protect your assurance of supply
from that supplier.”
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What can one do to avoid another “Hanjin”? Besides establishing and regularly reviewing a supply chain risk plan, it's important to communicate on a regular basis with all of your supply chain partners, end-to-end.
This is where true visibility comes into play. Technology is playing a bigger role. Use it to help mitigate risks.
While you may know the particular shipping alliance that is managing and booking your freight, it pays to find out exactly who is moving it.
How can the true financial health of private shipping companies such as
mediterranean shipping company be assessed? Also, are financial health reports for oocl and uasc
credible? These being sample highlighted company examples.
- Industry expert, Jason Kearney
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Indeed, social media and other media is awashed with questions of who’s next to fall in the shipping industry. Like mr. Kearney points out, it’s not so simple but when determining one’s supply chain partners, it is imperative to know.
How “Healthy” Are The Container Vessel Operators?
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Beginning this week, we will introduce a series of blog posts in
which we take a look at each container vessel operator. We’ll
review financials, their pain points and their strong points but most importantly, we look forward to hearing your thoughts as well.
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