Talking Trade: A closer look at the ocean freight market

2020 has challenged the supply chain industry in ways we couldn't have imagined at its onset. From crippling capacity issues to rate volatility and an onslaught of blank sailings, the ocean industry in particular has felt the downstream effects (and then some) of the COVID-19 pandemic. 

As we enter the final quarter of 2020, it doesn't appear that the chaos will let up anytime soon, at least according to some of the latest happenings and headlines. The stage looks ready for another round of proverbial headaches for the ocean freight industry.

In the latest episode of Talking Trade, Gene Welsh - Director of Ocean Freight, North America, joins the show to give an in-depth analysis of the latest and (not so greatest) updates and trends from the ocean freight industry. We discuss the industry unrest to date, how direct intervention from the US and Chinese governments may prove to be a much-needed change for moving forward, the coalition letter which encompasses 50 separate trade associations seeking assistance from the FMC for detention and demurrage charges, and the ever-evolving US west coast port congestion, among other major updates.

Tune in below for the full episode.