• TPM21
  • A Virtual TPM Experience | Available On-Demand Through 2 April 2021
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Thorsten Meincke

DB Schenker

Board Member for Air and Ocean Freight

Thorsten Meincke was appointed to the Management Board of Schenker AG on June 1, 2019 and is in charge of Global Air and Ocean Freight. He previously served as the Head of Global Ocean Freight at Kuehne + Nagel and worked in other positions at Kuehne + Nagel, as well as

M&M Militzer & Muench, a Swiss-based logistics company, and Arthur Andersen, a US based consulting company.

Thorsten was born and raised in Hamburg and holds a master's degree in Macroeconomics from the University of his hometown.

SESSIONS WITH Thorsten Meincke

Monday, 1 March

  • 01:30pm - 02:15pm (EST) / 01/mar/2021 06:30 pm - 01/mar/2021 07:15 pm

    Adapting To New Ocean Shipping Dynamics

    Trans-Pacific 2021: Redefining the Future

    Amid the wild and unanticipated swing from plummeting Asia imports to record volumes that pushed the annual peak season into the final days of the year, one thing on the eastbound trans-Pacific has stayed consistent: carriers’ control over capacity and the pricing power that’s resulted. Importers aren’t alone in struggling to get space for record e-commerce demand. Exporters also are finding it harder to get space as the widening spread between inbound and outbound rates spurred carriers to prioritize higher-paying imports. The questions now are less about whether carriers will exercise capacity control but to what extent and whether the import growth will lose steam gradually or rapidly. For US exporters, the difference in the spot costs of inbound and outbound shipping has never been a better predictor of the service levels. And with the Biden administration signaling a more focused approach to trade talks with China, there’s the external wildcard of a potential easing of tariffs on exporters and importers alike. Within the industry, there are also promising signs in terms of new expedited and premium services. But carriers will have to show broader improvements in reliability on the water and to a lesser degree on the ground, or risk a shipper and even regulatory backlash. Among the takeaways you can expect from this critical TPM21 session are:

    • How much capacity is trans-Pacific carriers adding and how does that match up with growth forecasts?

    • What major challenges do carriers, shippers, and forwarders face in 2021?

    • What have been the service challenges and causes, and will they recede or worsen in 2021?

    • What are the risks if carriers don’t improve service, and in what areas are they making inroads on service improvement?