5 key ocean freight procurement considerations in a falling market.

With world inflation widely anticipated to have reached 8.8 percent in the closing weeks of 2022, senior executives within global manufacturers and retailers will be eagerly awaiting ocean transport savings as reports of plummeting containerised freight rates continue to make headline news. With Drewry's composite World Container Index down a remarkable 75 percent year-on-year, such an expectation is understandable, however, as is so often the case, the devil is in the detail; while rates on Asian export retail-driven routes may have fallen by up to 85 percent, driven by...