LCL CARGO CONSOLIDATION BUSINESS GROWING STRONG
Maritime Gateway|February 2020
The e-commerce boom has made shipping smaller more specific consignments frequently the new norm, driving demand for LCL cargo consolidation which has seen strong growth in the past decade with MNCs taking a plunge into the sector, while SMEs find it cost and time effective
OMER AHMED SIDDIQUI
LCL CARGO CONSOLIDATION BUSINESS GROWING STRONG

Several trends are changing the nature of global trade – digitalisation, growing demand for e-commerce, evolving supply chain and greater availability of supply chain data have created an environment where shipping small consignments more frequently often makes sense, nurturing the LCL market. Digitalisation has been a major disruption in the LCL space as lot of players are offering rates and booking online. The main factor that drive the LCL consolidation business is the order size, which is based on the consumption pattern of the receiving party, which in turn is based on the economic status of that country. China is the biggest origin so far for LCL cargo, and the commodities vary from industrial raw materials and machineries to finished goods, reveals Vivek Kele, Director, TeamGlobal.

Diese Geschichte stammt aus der February 2020-Ausgabe von Maritime Gateway.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der February 2020-Ausgabe von Maritime Gateway.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MARITIME GATEWAYAlle anzeigen
Impact Of Covid-19 On Shipping And Logistics
Maritime Gateway

Impact Of Covid-19 On Shipping And Logistics

Industry stalwarts discuss threadbare the prevailing logistics and supply chain scenario and issues in clearing cargo during the COVID-19 lockdown

time-read
10+ Minuten  |
May 2020
Digital Platforms Defy Lockdown
Maritime Gateway

Digital Platforms Defy Lockdown

Digital trading modules such as eNAM are enabling farmers to move their produce from farm to market even during the lockdown

time-read
4 Minuten  |
May 2020
GARMENT TRADE TRAMPLED
Maritime Gateway

GARMENT TRADE TRAMPLED

As retailers face a shutdown in US and Europe, the cascading affect has caused mass cancellation of orders in Bangladesh

time-read
2 Minuten  |
May 2020
TRADE RESUMES WITH CHINA
Maritime Gateway

TRADE RESUMES WITH CHINA

While India has allowed uninterrupted movement of imports into Nepal even during lockdown, China is reopening its borders as it emerges from the pandemic

time-read
2 Minuten  |
May 2020
Maritime Gateway

LESS HUMAN INTENSIVE, MORE DATA DRIVEN

AI provides transformational opportunity for logistics industry by improving customer experience, operational efficiency, faster turnaround time and lower cost while ensuring security and transparency. Macro environment requires industry to transform to be less human intensive, agile and data driven, all of which can be accelerated by AI adoption, shares Gangadhar Gude, Founder & CEO, atai.ai

time-read
6 Minuten  |
May 2020
SHAKEN AND STIRRED
Maritime Gateway

SHAKEN AND STIRRED

The COVID-19 pandemic has partially paralysed the logistics and supply chain, but the industry is still deterred to ensure supply of essentials continues

time-read
9 Minuten  |
May 2020
TRADE STUCK, ECONOMY SLOWS DOWN
Maritime Gateway

TRADE STUCK, ECONOMY SLOWS DOWN

Sri Lankan economy slows down as trade deficit widens and supply chain disrupts amidst lockdown

time-read
2 Minuten  |
May 2020
LENDING INTELLIGENCE TO SUPPLY CHAIN
Maritime Gateway

LENDING INTELLIGENCE TO SUPPLY CHAIN

If you’re shipping millions of dollars’ worth of pharmaceuticals, high-end electronics, expensive seafood, or precious metals, what would you be willing to pay for the ability to ‘ask’ your shipment where it is right now and whether it’s ok? What would you pay for a freight smart enough to raise an alarm before it spoils? Artificial Intelligence enables that and much more…

time-read
10+ Minuten  |
May 2020
CONTAINER LINES SIGNAL ‘SOS'
Maritime Gateway

CONTAINER LINES SIGNAL ‘SOS'

As the per-unit cost of operations increases many lines are forced to blank sailings which has hit their bottom line real hard. The Government and Terminal Operators therefore need to actively consider reduction in Vessel Related Costs

time-read
2 Minuten  |
May 2020
IMO 2020 And The Covid-19 Curse
Maritime Gateway

IMO 2020 And The Covid-19 Curse

The COVID-19 outbreak has shaken and stirred the already volatile bunker market. While the refiners adjust their capacities and shipping lines choose their path to compliance, the market dynamics are yet to reach an equilibrium

time-read
10+ Minuten  |
April 2020