• TPM24
  • March 3-6, 2024 | Long Beach Convention Center

Michel Looten

Accenture Strategy and Consulting

Management Consulting Manager

Michel Looten joined Seabury in 2013 as Maritime Director. Seabury was acquired by Accenture in 2017 and rebranded Accenture Cargo in 2023. His responsibilities include the further expansion of Accenture Cargo’s offering and proposition in the maritime industry through its business intelligence products and consulting services. He is a regular speaker at industry events.

Michel started his career in 1999 with P&O Nedlloyd, where he held various roles in Rotterdam and London. From 2006 - 2008 at Maersk Line he was Route Manager Asia Imports for Central Europe. Prior to joining Seabury, he was in the dry bulk chartering department of the agricultural supply chain management company, Cefetra.

Michel holds a M.Sc. in Maritime Economics and Logistics from Erasmus University Rotterdam.

Sessions With Michel Looten

Tuesday, 5 March

  • 02:20pm - 03:00pm (PST) / 05/mar/2024 10:20 pm - 05/mar/2024 11:00 pm

    TPM Cold Chain: Market Outlook — Recovering from the Abyss

    Entering 2023, the global reefer market was hopeful. The massive price increases and cold chain disruption of the 2020-2021 COVID years was in the rearview mirror, and agricultural growers and the market at large widely believed that a normalization was in order. But as 2023 winds down, it’s increasingly clear that those hopes are being dashed. Nothing approaching normalization is occurring in the reefer market. Subdued reefer volumes in 2023 clearly show a market still in crisis. For decades, global economic and population growth corresponded to growth in international trade in food, whether fruits, meat, or seafood products. The growth was constant and predictable, providing a basis for billions of dollars in investment in reefer plugs, containers, and cold storage. That pattern has been disrupted since 2020, when COVID-related port disruption upended reefer supply chains. Now the issue is extreme weather events, which are increasingly disrupting growing patterns, resulting in scenarios where demand is there but supply doesn’t exist or is highly curtailed. “No one can tell you when the next global weather incident will happen or what the impact will be,” said Thomas Eskesen, head of cold chain consultant Eskesen Advisory and Journal of Commerce partner in developing TPM Cold Chain. This session, the kickoff to the new TPM Cold Chain event within TPM24, will analyze the state of the reefer market, the outlook for 2024, and when shippers and service providers can truly expect a return to stability and predictability – if ever.