The Fluctuation in World Freight Prices has also begun to affect the Logistics Contract Renewal Processes of Exporter and Importer Companies.
Fluctuations in the global economy and the increase in energy costs are also reflected in freight prices. This situation also closely concerns the fate of the logistics contracts made by exporter and importer companies. Companies need to pay attention to many issues, especially during contract renewal periods.
Sales & Marketing Director Müge Karahan pointed out that companies should consider many issues such as service quality, customer-oriented solutions, real-time monitoring, smart storage, border carbon regulation and environmental sensitivity when determining their logistics partners.
Stating that the right contracts minimize the risk in logistics for exporting and importing companies, Karahan stated that the opposite situation could cause a deficit in the supply chain. Karahan noted: “The climate of uncertainty prevailing globally also causes a serious forecasting problem in the market. This situation requires contracts to be evaluated and shaped more carefully. Agreements that seem attractive because of their low prices may result in commitments not being fulfilled due to changing conditions. Low pricing can be made in logistics contracts, but it is important to evaluate risks by taking future exchange rate changes into consideration. “This is also valid for exporters who plan to stay in the spot, because the wind may change direction contrary to expectations.”
Automation and data analytics have changed the face of logistics
Pointing out that innovations such as automation and data analytics have changed the face of logistics, Karahan said, “Analyzing transportation routes well means saving time and cost. Crisis management experience is also an important criterion in logistics company preferences. “Logistics companies must have the ability to follow legislative changes and take into account the interests of the customer regarding insurance,” he said.
Karahan emphasized that companies that will renew their contracts should question their capacity to fulfill promises as well as costs when choosing a logistics partner, and listed his warnings as follows: “This is not only about equipment capacity, but also about the sectoral knowledge and experience of the company. Past performances of logistics partners should be taken into consideration. While planning, the solution-oriented nature of the logistics side and its ability to offer alternative plans should be taken into consideration. “Although it is difficult to make long-term planning in today’s conditions, logistics companies with plans A, B and C are one step ahead, despite all circumstances.”
Source: https://www.kamyonhaber.com/dogru-lojistik-kontratlar-tedarik-zincirinde-riski-azaltiyor.html