The first quarter is typically the slowest period of the year for trucking activity, but not in 2021. An ongoing boom in US imports and increased industrial output kept the pressure on truckload and less-than-truckload capacity in January and February. Winter storms then swept in and froze available truck capacity in large swathes of the US, especially the Central South. Those factors, and a slow rollout of the COVID-19 vaccines, have kept rates rising. Shippers and carriers are coming to grips with rising costs in contract negotiations. Now, more than ever, a higher degree of collaboration and partnership is needed to ensure shippers are able to secure the capacity they need to serve their customers at a price they can afford.
This free webcast will dive into the factors driving today’s trucking market and analyze how the remainder of 2021 might play out.
Moderator: William Cassidy, Senior Editor, Trucking and Domestic Transportation, JOC, Maritime & Trade, IHS Markit
Ken Adamo, Chief of Analytics, DAT Solutions
Sharon Regan, Director, Supply Chain, Bumble Bee Foods
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The global energy transition — i.e., the decarbonization of energy consumption — already was gaining traction, albeit in fits and starts, when COVID-19 upended all expectations for 2020. The pandemic triggered a short-term oil price crash that forced project owners to cut billions of dollars from fossil-fuel-based capital project budgets, and it has accelerated the pace and breadth of the longer-term global energy transition. Governments, regulators, investors, consumers, and shareholders are pushing for large-scale adoption of decarbonized energy solutions. What does this mean for the project cargo supply chain that moves out-of-gauge, difficult cargo for the world's energy and industrial projects? What percentage of the global energy mix will remain fossil fuel-based, who will develop and build the projects, and how will they differ from those of the past? A growing share of the global energy mix will be based on renewables and green, or greener, resources. What does that mean for the project supply chain, near term, and further out? This webcast will analyze these trends and strategic outlooks related to the changing global energy mix.
With supply chains crossing 74 countries on five continents, Latin American food producer Grupo Nutresa has — for 100 years — continually examined its sourcing processes and innovated to streamline distribution and supplier decisions. In the last decade, the company took on a wide range of procurement spend categories, including ocean transport, to assess how laborious and inefficient processes can be best improved in a significant and measurable way. Their answer: sourcing optimization that leverages automation capabilities.
In this webcast, members of the Grupo Nutresa strategic sourcing team will engage in a dynamic dialogue with their current sourcing optimization and automation provider, Keelvar, to discuss their journey to a solution including:
• Tips on identifying priority categories for sourcing optimization
• Leveraging positive results to expand application use
• Navigating required organizational and business process changes
• Creating ROI
Keelvar is pleased to sponsor this event to showcase the transformation possibilities when procurement teams add sourcing optimization capabilities and intelligent sourcing automation.
Alessandra Barrett, Senior Content Editor, JOC, Maritime & Trade, IHS Markit
Jennifer Sikora, Vice President, Marketing, Keelvar
Carlos Peña, Digital Procurement Leader, Grupo Nutresa
Maria Fernanda Velasquez, Digital Procurement Specialist, Grupo Nutresa