Thanks to the Shipping Tribune for this article. It shows how ships are really just portable inventory. There’s a long history of oil tankers being used as storage depots.
The steel monsters making billions from oil crash
Source: The steel monsters making billions from oil crash | The Shipping Tribune
Posted in Logistics, Ports, Shipping, Supply Chains, Transp Econ
Tagged inventory, ocean shipping
We have to be open to radical alternatives to last mile supply chain delivery methods. Here are some suggestions from MIT researchers. Many have been tried around the world. An open mind and entrepreneurship-style innovation will be the winning strategy. Keep an open mind and test, test, test how customers or users like it in an iterative fashion!
McKinsey has a new scheme for container pricing. They hope it will save the industry. To be sure, segmented pricing is always good for incumbents, and port terminals often have a kind of monopoly, since once you’ve chosen a shipping carrier there are only certain ports and terminals it calls at. But for customers (shippers of goods)? And will they really put up with it in the very competitive transport marketplace. I think they have the bargaining power today.
An innovative approach that creates incentives for efficiency could generate up to $3 billion in value for operators and their customers. A McKinsey & Company article.
Source: How to rethink pricing at container terminals | McKinsey & Company
Posted in Ports, Service Management, Shipping, Strategy, Supply Chains
Supply Chain Digest Port Technology International Marine Link
Supply Chain and Logistics 