NEWS: The Loadstar - Shippers Uncertainty & Ample Capacity

The Loadstar

 

A hazy outlook on how the market is going to develop, combined with currently ample ocean capacity, is causing shippers as well as logistics providers to postpone capacity commitments for the time being, according to executives of Seko Logistics.

Seko CEO James Gagne described the current atmosphere in the market with the acronym VUCA – volatility, uncertainty, complexity and ambiguity – which has gained currency in recent months. There is little visibility into where the market is going, while it remains vulnerable to disruption.

Recent macroeconomic trends have added to the uncertainty. After a spell in which it seemed that interest rate hikes had come to an end, at least for a while, recent warnings that there could be another one or two increases later this year threaten to dampen demand, Mr Gagne noted.

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