- Positive growth in the global container shipping industry for 2024.
- Real-time visibility, collaboration, connectivity, and process automation are key areas of investment
- Increase technology adoption for resilience and innovation.
Container xChange surveyed over 1,200 supply chain professionals, revealing that 74% anticipate positive growth in the global container shipping industry for 2024. 53% of respondents expect an increase in prices, while only 21% are pessimistic about a price decline, reports SCMR.
Insights from Container xChange CEO
Christian Roeloffs, CEO of Container xChange, highlighted the positive shift in sentiment as a promising indicator for 2024. He emphasized the strategic rethinking of trade routes and increased technology adoption for resilience and innovation.
Container Price Sentiment Index
The Index consistently showed higher results in the second half of 2023, indicating improved sentiment heading into 2024.
Survey Participants and Objectives
The survey targeted 1,200 global container logistics players, including shipping lines, traders, and procurement companies.
It aimed to gauge industry sentiment, reflect on 2023’s key learnings, and forecast trends for 2024.
Technology Investments and Trends
30% of respondents are investing in technology and planning for 2024. Real-time visibility, collaboration, connectivity, and process automation are key areas of investment (24-27%).
Challenges Faced and Potential Strategies
The industry dealt with container oversupply in 2023. Responses varied on addressing this issue in 2024: 41% explore new routes/markets, 34% consider vessel scrapping, and 19% plan slow steaming strategies.
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Source: SCMR
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