Supply Chain specialty consulting firm Chainalytics, specifically its Transportation practice, and maritime research and consulting services firm Drewry, have jointly partnered to launch what is being described as an innovative ocean freight procurement service for mid-market shippers.
According to the announcement, both firms have partnered to form Chainalytics Ocean Buying Group to address the ocean freight procurement needs specifically for small and medium sized shippers. The effort is further described as providing participating Beneficial Cargo Owners (BCOs) with enhanced purchasing power, service monitoring and cost transparency. Chainalytics previously formed its manufacturing and retail focused Ocean Buying Group as a client service and the addition of the industry domain data and expertise resources of Drewry have the potential to add more depth and breadth to this type of service.
As Supply Chain Matters has continually noted in prior commentaries, continued mergers, acquisitions, and global capacity pooling of networks among the major global ocean container operators have the potential for limiting competition and leveraging higher rate structures. Smaller shippers are at-risk for being slated at higher rates and receive less support from carriers.
The new strategic partnership calls for the delivery an ocean freight procurement platform that will 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.
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