Drewry global shipping consultancy has partnered with supply chain consultant Chainalytics, to launch an innovative ocean freight procurement solution for shippers. The cooperation aims to provide participating Beneficial Cargo Owners (BCOs) with enhanced purchasing power, service monitoring and cost transparency.
The new strategic partnership delivers an ocean freight procurement platform that is expected to enable medium and small scale importers and exporters to collaboratively achieve “big shipper” rates and terms direct with ocean carriers and benefit from shared intelligence for better commercial decisions.
Philip Damas, head of Drewry’s logistics practice, remarks:
…By combining propositions we’re able to offer a unique service delivering much needed improved ocean carrier contractual terms with full transparency, cost stability and predictability, market intelligence and technology-driven category management to a segment of the market that often suffers pricing volatility and opaque service levels.
John Westwood, Senior Manager, Chainalytics Transportation Practice, states:
We designed the Ocean Buying Group to provide companies often outsized by competitors the opportunity to gain “big” shipper value relative to the size of its organization and quantity of shipments, and our partnership with Drewry further enhances our clients’ capabilities to competitively acquire ocean freight services.
