Drewry Shipping Consultants, a leading provider of research and consulting services for the shipping and transport industry, today announced its partnership with the maritime cargo management platform Cargoo. This collaboration allows members of the Drewry Benchmarking Club (BMC) to access their benchmarking data directly through Cargoo, reducing the gap between market understanding and action.
Pressure on Procurement Teams
The bidding season puts significant pressure on procurement teams. In recent surveys of Benchmarking Club members, 44% reported needing five to seven weeks to prepare requests for proposals (RFQs), and half of them require eight to twelve weeks to complete a full proposal. A quarter of members were also unable to specify their annual costs for delays and demurrage.
Benefits of Collaborating with Cargoo
For Benchmarking Club members using Cargoo, the following changes are anticipated:
- Setting Goals with Confidence: Drewry's benchmarks and container shipping forecasts are accessible for every route.
- Accelerating Processes: Each proposal from shipping companies is evaluated based on the lowest and average benchmark rates.
- Maintaining Savings: Each reservation is priced at the granted rate, and financial reviews of each invoice line item are conducted while still open for discussion.
- Learning Each Season: Performance and cost data contribute to the goals for the next season.
Cargoo is a Swiss maritime cargo technology company developing a connected platform for global supply chains. Leveraging over 29 years of real-world logistics experience, it offers technologies to carriers, importers, exporters, and traders to take control of their maritime cargo operations from supply strategy to final delivery.
Introducing Cargoo
Unlike fragmented solutions that address individual stages of the cargo journey, Cargoo integrates procurement, planning, execution, and control into a cloud-based and AI-driven platform. Bidding decisions are directly linked to transportation contracts, capacity allocation, reservations, and transportation execution. Each participant works from the same shared data, helping to eliminate separate processes and ongoing cargo management.
Cargoo offers a combination of modular software flexibility and deep practical expertise, allowing customers to operate within their existing transportation and logistics networks while maintaining control over their contracts, costs, and decisions. The company manages over one million TEUs annually and oversees more than one billion dollars in maritime cargo, connecting to 98% of global maritime carriers.
Cargoo is trusted by over 4,800 companies in more than 100 countries, helping them make smarter decisions, foster stronger collaboration, and build more resilient supply chains.
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