What Happens Now: Shippers Assess the Future of LSPs
What are project and breakbulk shippers asking of their forwarders and carriers and what are the internal and external drivers influencing shipper decision-making in a tumultuous, unprecedented market? The lines between forwarder and carrier appear to be increasingly blurring, especially as we see cash-flush ocean carriers investing in forwarding or landside assets toward offering end-to-end solutions, and forwarders becoming vessel owners/operators in addition to providing forwarding services. Are carriers and forwarders transforming themselves as a survival mechanism, to take advantage of opportunities, or both? What are the implications for shippers who are scoping their logistics service providers (LSPs) in an attempt to ensure cost, risk, and schedule predictability even as they operate in an environment of unpredictable costs and delivery variability? This panel of project industry veterans and practitioners, led by Dennis Mottola, will examine these questions from the shippers' perspective.