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This year’s process to secure service contracts in the eastbound trans-Pacific is unfolding like no other year before it. Buffeted by longer lead times, port schedule reliability, and ships that have been idled or slowed in transit, shippers have experienced exponential increases in freight rates over the past year, and still struggled to get their goods to destination weeks after originally scheduled. To bring some stability back to the market, ocean carriers urged their steady customers to enter annual contract negotiations much earlier than usual this year, and retailers and other importers jumped at the opportunity. For carriers, the early start to 2022–23 service contract talks provides an opportunity to lock in a base of business from reliable customers with a history of delivering committed cargo volumes. For shippers who started negotiations in November, rather than in February or March, the lure is to lock in capacity at contract rates that will assuredly be lower than the spot rates in effect during the 2021 peak shipping season. Demand for vessel space in the largest US trade lane will exceed supply this year, just as it did in 2021. On the other hand, spot rates have fallen from the record-smashing levels in October, which means early contract negotiations are beginning at a time when carriers’ leverage won’t continue to rise further. For both carriers and their customers, the ultimate goal during contract negotiations this coming year is to achieve predictability and reliability.

This webcast will analyze this crucial trade lane and explore whether there is any calm on the horizon or whether the storm will only continue.

Moderator: Bill Mongelluzzo, Senior Editor, West Coast, JOC, Maritime & Trade, IHS Markit

Speaker(s):

David Arsenault, President, GSC Logistics, Inc.

Ben Hackett, Founder, and Principal, Hackett Associates

Michael Shaughnessy, Senior Vice President, Operations, Supply Chain, and Emerging Markets, Balsam Brands

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Interested in sponsoring this webcast? For more information, please https://subscribe.joc.com/mediasolutions/

Standardization of shipping documentation and data has long been an elusive pursuit in the world of global logistics. The fragmented nature of the industry, including the sheer number of parties involved in any shipment, is one reason so little is standardized but also a motivation to push toward standardization. The basic premise is simple: The more that is standardized, the less time and resources will be spent on turning oranges into apples, and the more time that can be spent on innovating and improving.

This webcast, the third in a three-part series leading up to the TPMTech Conference on Feb. 24-25 in Long Beach, California, will explore the key areas of the global logistics industry where standardization is happening, and where the potential exists to create efficiencies that benefit all parties. In so doing, we'll look at practical examples, and the associations, solutions, and platforms enabling that incremental change.

Eric Johnson, Senior Editor, Technology, JOC, Maritime & Trade, IHS Markit

Speaker(s):

Thomas Bagge, Chief Executive Officer, DCSA

Akshay Dodeja, CEO, Terminal 49

Caitlin Murphy, CEO, Global Gateway Logistics

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The trans-Pacific supply chain in 2021 was overwhelmed by record US imports from Asia, COVID-19 outbreaks that shut down key China load ports for weeks at a time, the worst vessel on-time performance ever, vessel bunching and congestion at major US gateways and intermodal rail networks, and inland ramps that are still gridlocked. Because US imports now are driven in large part by e-commerce replenishment, and consumers show no signs of cutting back on spending, will these same conditions persist in 2022? What can North American ports and terminal operators do to improve cargo velocity, such as creating surge yards for the temporary storage of containers to relieve pressures at marine terminals, and forming peel piles to reduce trucker turn times? Can shippers look for relief next year at inland rail hubs such as Chicago and Memphis, or will the rail ramps stay congested or possibly get worse?

This webcast will feature the latest trends, outlook, data, and analytics, along with insights from key industry experts and stakeholders as cargo interests wrestle with the worst congestion in recent memory.

Session Chair/Presenter:

Bill Mongelluzzo, Senior Editor, Trans-Pacific, JOC, Maritime & Trade, IHS Markit

Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/

2021 may be winding down, but the containerized shipping market is far from it. US port congestion remains at crisis levels even as import growth from Asia is slowing on a year-over-year basis, and the summer-fall surge in US COVID-19 cases is slowing the recovery in consumer spending, according to data from JOC parent company IHS Markit. Even if supply chain bottlenecks ease, and assume progress in vaccinations and a reduction in COVID infections, growth in consumer spending and imports will likely resume in 2022, as will inventory building and earlier-than-usual shipping cycles for importers. No one, after all, wants to relive the pain of this year’s supply chain crisis. On the bright side for shippers, when congestion ultimately eases and circulation of ships, containers, and chassis improves, capacity will return to the system and will create downward pressure on rates. Only time will tell how and when that occurs.

This webcast will shine a light on the current state of the market, and when the tide might turn.

Moderator: Mark Szakonyi, Executive Editor, JOC.com and The Journal of Commerce, Maritime & Trade, IHS Markit

Speaker(s):

Rahul Kapoor, Vice President and Head of Commodity Analytics and Research, Maritime & Trade, IHS Markit

Michael Shaughnessy, Senior Vice President, Operations, Supply Chain, and Emerging Markets, Balsam Brands

Michael Symonanis, Director, North America Logistics, Global Container Logistics Group, Louis Dreyfus

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Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/