As we enter the second month of 2023, the mood of the year is positive but with some fears. As shared in the Container LogTech 2023 predictions report, inflation and recession are the main concerns for 88% of respondents, followed by implications of war with 57%, impact of COVID in China at 53% and worker strikes at 23%.
Among the trends for 2023 we can find container vessel deliveries, ongoing dept congestion, rising fines and storage fees, a container price war, capacity cuts, friendshoring, and changing work cultures post-pandemic. The inflation will probably create problems in port operations that will be slowed down by strikes. It is important to keep an eye on the political “heatness” and inflation trends in each country in order to ensure the right schedule management.
In 2023 will be also fundamental to react fast to the import and export map changes: customer buying behaviors, geopolitics and increased energy prices will modify the lines and the directories and it is important to foresee the changes.
Drewry’s composite World Container Index (WCI) rose 0.7% in the week ended 5 January 2023, ending 43 weeks of consecutive falls in the index. The 0.7% rise in the WCI reflected a mix of both increases and decreases in spot rates on major trades – Shanghai to Rotterdam gained 10% to $1,874 per feu, while Shanghai to New York fell 3% to $3,788 per feu. It is expected a week-on-week reduction in February.
We are keeping an eye on all this topics to ensure our clients the best services and prices. You can read more on 2023 trends in logistics here: https://atlas-network.com/11-logistics-market-predictions-for-the-year-2023/and here: https://www.seatrade-maritime.com/containers/inflation-and-recession-top-2023-supply-chain-fears-list
Read the other World Shipping Focus News:
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