Ocean carriers should focus on transitioning from fossil fuels to decarbonized green fuels but expect an added cost of between $2000-$3000 per forty-foot container, warned Jeremy Nixon, CEO of Ocean Network Express (ONE).
By Mike Babiak, Director of Supply Chain Technology Strategy for Longbow Advantage
Throughout the industrial world and across every continent, businesses are making significant investments in robotics and automation. According to the McKinsey Global Industrial Robotics Survey, automated systems will account for 25% of capital spending over the next five years1. Many of these businesses believe robotics-driven automation systems will drive major benefits in output quality, efficiency, and uptime.
Small to medium-sized businesses face many of the same challenges that large enterprises face within their supply chains: Labor shortages, rising raw material costs, supply shortages, higher transportation costs, and weather-related disruptions are just a few.
There are “many gaps in the U.S. manufacturing sector and in its infrastructure and planning activities which pose a significant barrier to the development of offshore wind,” according to a co-author of the recently released U.S. report on wind farm supply chain prospects.
Stakeholders throughout the supply chain understand 2023 will not be like any other year—and this is especially true for the cold chain, both in terms of challenges and opportunities. Offering reliability and predictability, the reefer market continues to grow and has proven to be more resilient in the face of supply chain disruption as the movement of temperature-controlled cargo continues to be prioritized.
Both U.S. political parties need to support more infrastructure spending, including for the inland waterways and recognize that barge transportation can provide major cost savings compared to truck and rail, according to Kimbra Scott, port director, Port of Muskogee, Oklahoma.
John McCown, author of the widely cited McCown Report, is an industry veteran who sees a fundamental shift away from West Coast ports to East Coast and Gulf coast ports where projections indicate that 75% of U.S. trade should be shipped compared to 25% for the West Coast. McCown is the former chairman and CEO of Trailer Bridge, the founder of Blue Alpha Capital where he is working on financing an offshore wind turbine installation vessel. McCown is also Non-Resident Senior Fellow at the Center for Maritime Strategy with the Navy League of the United States where his focus is on the intersection of merchant shipping and maritime commerce with national security.