A Brave New World Ahead: Where Have We Been and Where Are We Going?
After two years of an almost unrecognizable, pandemic-driven shipping market defined by unprecedented congestion, busted liner schedules, and a surge of spillover cargo that sopped up breakbulk and project cargo capacity in an unprecedented way, the breakbulk supply chain is now navigating much calmer seas. However, business assumptions taken for granted in the past — an ever-available pool of spot MPV tonnage, for example, or consistently reliable liner shipping — must be revisited in today’s brave new world of shipping. Shippers must rethink global sourcing; MPV/heavy-lift carriers warn of a looming capacity shortage; geopolitical and governmental policies and the global push toward sustainability are influencing decision-making in ways that simply didn’t exist a handful of years ago. This closing session, moderated by Peter Tirschwell, vice president of S&P Global Market Intelligence will explore what supply chain decision-making looks like in 2023; the top-of-mind issues for breakbulk and project cargo stakeholders; and the industry changes on the horizon.