The function of shipping, freight and supply chain is exposed to several forms of risks including natural disasters, war, piracy, terrorism, delayed delivery and more. Our recent social media survey asked, “Who does a better job in risk mitigation between carriers, OTIs (forwarders and NVOCCs) or Online Marketplace.

1. [SURVEY SAYS] WHO DOES A
BETTER JOB IN OCEAN FREIGHT
RISK MITIGATION?

2. JOINTHE CONVERSATION
ONTWITTER
@XENETA_AS

3. ABOUT
XENETA
At Xeneta we believe there is an untapped potential
for everyone in the industry, to systematically learn
from our individual and collective efforts. We hold
true that "if you cannot measure it, you cannot
improve it". That’s why we think actionable metrics
is the key to continuously evolve for every business,
and ultimately the entire industry. Rethinking global
logistics is the vision of Xeneta.
With international experience from the logistics
industry, we have first-hand knowledge of the
challenges related to high volatility and lack of
transparency in the ocean freight market. By
combining logistics background and information
technology expertise, we found the solution to these
challenges.
WE ARE
TRANSFORMING
GLOBAL
LOGISTICS

4. ARE YOU PAYING THE
RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS
POTENTIAL IN REAL
TIME.
CONTACT US.

5. THE FUNCTION OF
SHIPPING, FREIGHT AND
SUPPLY CHAIN IS EXPOSED
TO SEVERAL FORMS OF
RISKS INCLUDING
NATURAL DISASTERS,WAR,
PIRACY,TERRORISM,
DELAYED DELIVERY AND
MORE.

6. OUR RECENT SOCIAL MEDIA
SURVEY ASKED, “WHO DOES A
BETTER JOB IN RISK MITIGATION
BETWEEN CARRIERS, OTIS
(FORWARDERS AND NVOCCS) OR
ONLINE MARKETPLACE.

7. THE RESULTS OF THE SURVEY ARE
THE FOLLOWING: 18% FELT
CARRIERS DO A BETTER JOB IN
RISK MITIGATION. 82% FELT OTIS
(76% FREIGHT FORWARDERS AND
6% NVOCCS) DO A BETTER JOB IN
RISK MITIGATIONONLINE
MARKETPLACES - 0%

8. WE’RE NOT SURE WHY ‘ONLINE MARKETPLACE’ DID NOT
RECEIVE ANY VOTES. PERHAPS IT IS BECAUSE THE
MARKET/SHIPPERS ARE NOT AWARE OF WHAT AN ONLINE
MARKETPLACE IS AND WHAT IT DOES.

9. TOP 10 BUSINESS
RISKS

11. CUSTOMERS MAY BECOME VICTIMS OF ANY RISK
UNWITTINGLY IF THEY DO NOT HAVE A COMPREHENSIVE
RISK MANAGEMENT STRATEGY.
THE RELIABILITY AND DEPENDABILITY OF THE VARIOUS
LAYERS OF SERVICE PROVIDERS INVOLVED IN THE WHOLE
SUPPLY CHAIN IS A MAJOR RISK FACING CUSTOMERS
ESPECIALLY IF THE SERVICE PROVIDERS ARE NOT
EVALUATED FOR WEAKNESSES IN THEIR SERVICE
CAPABILITY, CAPACITY, FINANCIAL HEALTH AND OVERALL

12. RISKS MANAGEMENT

13. THERE ARE DIFFERENT METHODS FOR MITIGATING RISK.
FOR EXAMPLE, RISKS SUCH AS PIRACY AND NATURAL
DISASTERS REQUIRE A PHYSICAL APPROACH.
WHILE OTHER RISKS, SUCH AS CUSTOMER INSOLVENCY
REQUIRES A FINANCIAL APPROACH WHILE RISKS
ASSOCIATED WITH INCORRECT ORDER PLACEMENTS AND
DELAYED DELIVERY REQUIRES AN ANALYTICAL APPROACH.

14. REPUTATIONAL DAMAGE

15. HANJIN SHIPPING IS A
PRIME EXAMPLE OF THE
CONSEQUENCES OF A
FINANCIAL AND
ANALYTICAL RISK, ONE
THAT SHOULD HAVE
BEEN EVIDENT FROM
THEIR PERFORMANCE
AND FINANCIAL
INDICATORS. THESE
RISKS DO NOT SEEM TO
HAVE BEEN MANAGED
PROPERLY BY THE
COMPANY WHICH
EVENTUALLY LED TO ITS
COLLAPSE.

16. CLOSE ON THE
HEELS OF HANJIN,
THERE WERE NEWS
ITEMS IN THE PRESS
ABOUT K-LINE ALSO
FACING BANKRUPTCY
WHICH WAS
EVENTUALLY
CONFIRMED TO BE
JUST A RUMOR.
THERE NOW ALSO A
RUMOR OF
HAMBURG SÜD
SHOPPING FOR A
BUYER.

17. THIS COULD ALSO EXPLAIN THE
MERE 18% VOTE THE CARRIERS
RECEIVED AS OPPOSED TO THE 82%
OF THE OTIS IN TERMS OF THE RISK
MITIGATION CAPABILITIES.

18. BE VIGILANT

19. AS CAN BE SEEN, SHIPPING, FREIGHT AND SUPPLY CHAIN
INDUSTRY IS ONE FRAUGHT WITH VARIOUS TYPES OF RISKS,
ANY OF WHICH COULD HIT THE INDUSTRY AT ANY TIME.
WHILE IT MAY NOT BE POSSIBLE TO ELIMINATE RISKS
COMPLETELY FROM THE SUPPLY CHAIN PROCESS, ALL
COMPANIES MUST HAVE AN INCLUSIVE RISK MITIGATION
STRATEGY THAT ALLOWS THE COMPANY TO FORESEE THE
RISKS AND TAKE NECESSARY PRECAUTIONS TO ENSURE
MINIMUM DISRUPTIONS IN THEIR SUPPLY CHAINS.

20. USE DATATO MITIGATE RISKS
WATCH
WEBINAR

21. LEARN HOW XENETA CAN HELP
YOU GET INSIGHT AND
INTELLIGENCE INTOYOUR
GLOBAL OCEAN FREIGHT PRICES
AND CHANGEYOUR LOGISTICS
BUSINESS:
REQUEST
DEMO NOW