Are you prepared for the next Suez Canal incident?
Due to a containership that got stuck in the Suez channel, the maritime transport in this part of the world came to a standstill. A combination of heavy weather and sloppy steering caused one of the biggest ships in the world to come to a stand still. In this part of the world, this immediately destabilize global supply chains, 10 to 15 percent of the worldwide freight traffic goes through this channel. Almost four hundred ships were blocked by the ship that lay obstructively sideways in the Egyptian channel. From transporting companies to shipping companies, the entire logistical value chain was interrupted abruptly. It raises the question: how prepared are you for such an incident next time? UTURN provides you with a platform that prepares you to be ready for a tumultuous event.
How can the logistical world prepare for such an incident?
The effects of such an incident will have enduring effects on the market. With an initial dip of volume due to the blockage, the first ships have now arrived in the different European ports. Expectations are that from this moment on an increase of 10% of ships need to be processed. The peak will be long-lasting and will take a couple of weeks to entirely be dealt with.
In turbulent times like these it is even more important to utilize the most of the capacity there is. But strangely, the opposite often happens. Scarce capacity buyers will hold on tight to their contracted capacity resulting in even more inefficiency which in turn enlarges the impact of this event. In that way, the event reinforces an even bigger discrepancy in European ports. That’s unnecessary and that’s exactly where UTURN comes in.
UTURN makes supply and demand transparant
UTURN makes supply and demand transparent. We standardise and automate the flow of information between all parties so every bit of capacity can be utilised. Especially in times of crisis where supply and demand is heavily affected due to an external, that transparency is crucial for you as a company. By giving insight into available shipments from shipping lines, (digital) forwarders, and importers/exporters transport companies can optimize their planning and driving hours. On top of that the companies can increase the reuse of containers.
Next to that, by utilising unused capacity between terminals in the ports, the stress on deep sea terminals can be relieved by transporting containers to other ports and or inland terminals without the need for additional capacity. Thereby the deep sea terminals can still accept the delayed shipments coming from the Suez canal in the upcoming weeks.
UTURN is ready, are you?
Incidents like the Ever Given stranded in the Suez Canal is obviously a shame for the parties involved. But it also is a wake up call. A wake up call to the industry that the traditional way of working needs revision. It shows the need in our industry for radical transparency and flexibility in the market. UTURN provides the platform that provides you that transparency and flexibility.We allow you to deal with unexpected bumps in supply and demand efficiently. Let’s hope not, but if a next unfortunate event happens, we are ready. The question is, are you?