Part of the two-track conference at TOC Asia:
Market Recovery & Redesigning Supply Chains in the Digital Era
After a turbulent 2016 – can the industry be optimistic about 2017?
The container shipping industry has yet again had to navigate through another tumultuous 12 months as supply chains have had to absorb the shocks from some cataclysmic events. We have seen the collapse of Hanjin, continued merging of container shipping business – including the Japan's big three shipping groups, K Line, MOL and NYK integrating their shipping business and Maersk Line acquiring its rival Hamburg Süd towards the end of 2016 - low oil prices, sluggish cargo demand, continued over supply of trade capacity and freight rates falling to historic lows.
The fragility of the world economy has been further undermined with the UK “Brexit” vote and the new direction for US foreign and domestic policy following the presidential election and the potential return to isolationism and protectionism adds additional tiers to the ongoing uncertainty that has to be addressed. The World Trade Organisation has now forecast global trade to grow only by 1.7% in 2017, downgraded from a previous forecast of 2.8%.
However, thanks to improving freight rates and marginal increases in cargo volumes, indications are pointing to industry profits rising next year.
Any anticipated recovery will be slow and well below the heights seen in previous year but can the industry now begin to forward plan with a small sense of optimism.
The Container Supply Chain Conference at TOC Asia will focus on:
Market recovery & redesigning supply chains in the digital era
New for the 2017 CSC Conference
Big Box Shipper Club Briefing
The Big Box Shipper Club (BBSC) is a forum for large scale cargo owners to connect and & share knowledge
In recent years, shippers have often expressed increased frustration with poor schedule reliability, lengthening transit times, extra transhipment moves, lack of flexibility and visibility. But today, technological advancements are becoming a game changer for the whole industry. The first of three BBSC sessions will consist exclusively of shippers, who will discuss the changing landscape of worldwide supply chains in the digital era. The next panel will feature the rest of the supply chain putting forward their thoughts. The final session is dedicated to reaction and debate and will be extremely interactive for those who opt for this.
Supply Chain Asia Session
Supply Chain Asia (SCA) is a not for profit professional body to groom talent and spur industry innovation
The advancement of robotics, analytics and automation will continue to impact the evolution of port development, shipping, freight, transportation and logistics. The SCA panel will include professionals from service providers to manufacturers will discuss and deliberate the impact of robotics, analytics and automation.