LONDON–(BUSINESS WIRE)–SpendEdge, a global procurement market intelligence firm, has announced
the release of their Global
Deep Sea Freight Category – Procurement Market Intelligence Report.
The steep rise in the crude oil export via sea done by some of the
significant economies is playing a vital role in propelling the spend
momentum of the deep sea freight category. According to the statistics,
the US accounted for about 3 million b/d, with Saudi Arabia exporting
7.5 million b/d, Iraq at 3.6 million b/d, and Iran at 2.4 million b/d
last year. In the next five years, the volume of merchandise sea trade
activities is set to increase in the developing economies along with
greater volume of imports and exports done by the developed economies.
Such increasing frequency of the sea trade activities will drive the
spend momentum of the deep sea freight category during the forecast
period. Request
a Free Sample of this deep sea freight market intelligence
report here!
The US is emerging as one of the largest exporters of farm and food
products to the South Asian countries. An aggregate value of the farm
and food exports reached USD 11.8 billion in 2017 and is growing at a
considerable rate. Consequently, this is creating an exponential demand
for the demand of the deep sea freight in the US. In Europe, seaways
transport accounts for 74% of the trade activities. The availability of
low-cost skilled labor in the Eastern European countries has increased
the trade activities in the region. The service providers in the APAC
region are leveraging advanced technologies such as blockchain and AI to
offer better services for the buyers. Such initiatives are boosting the
feasibility of deep sea freight and is simultaneously driving the
category spend momentum in the region.
Insights offered in this deep sea freight procurement research report
include supply market forecasts, crucial cost drivers, and category
management insights. Such insights are relevant for both the buyers and
the suppliers who seek a risk-free and a cost-effective procurement
strategy. The category spend segmentation done in this deep sea freight
market intelligence report will guide the investors in identifying the
best investment areas as well as help them in identifying cost-saving
opportunities in the market. Get
a free customization of this report to get information tailored
to your every requirement.
“Buyers need to engage with service providers that can manage cargo
from the pickup location until the drop point. This reduces management
complexities for the buyers and helps in cost-savings,” says
SpendEdge procurement expert Tridib Bora.
This deep sea freight procurement research report has estimated the
following cost drivers to influence the category growth in the coming
years:
- Increase in merchandise trade volume will drive the category growth
-
South America will register steady growth in deep sea freight
activities because of the increase in Brazilian wood exports. -
Purchase the full
market deep sea freight intelligence report here!
|
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SpendEdge’s procurement
market intelligence reports for the logistics,
warehousing and transportation category provide detailed supply
market forecasts and cost drivers that impact category growth. Such
information will help procurement managers as well as the suppliers to
determine the total cost of ownership and change their procurement
strategies accordingly. Additionally, SpendEdge’s reports provide
category management insights and information on the procurement best
practices for the category.
Report scope snapshot: Deep sea freight
Category pricing insights
- Pricing outlook
- Total cost of ownership analysis
- Supplier cost structure
-
Interested to know more about the scope of our market intelligence
reports? Download
a FREE sample
Cost-Saving Opportunities
- Supplier-side levers
- Buyer-side levers
- Quantifying cost savings by negotiation strategies
-
Want customized information from the deep sea freight procurement
research report? Get
in touch
Category ecosystem
- Competitiveness index for suppliers
- Buyer power
- Supplier power score
-
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