Ocean freight cost benchmarking and advisory support

Background

• Prior to joining Drewry Benchmarking Club, the client lacked a clear understanding of how their logistics practices compared to industry standards. They were uncertain whether they were following best practices, if more effective approaches should be explored, or how their ocean freight rates compared with those of similar-sized companies.

Client Objective

• To gain greater visibility and leverage market insights for internal stakeholder engagement.

• To standardise and harmonise contracts and policies for all trade lanes and steamship lines.

• Confidentially compare and analyse costs against other benchmarking clients to drive savings and inform strategy. 

Drewry Approach

• Implemented standardized ETS & BAF Policies.

• Modified ’Boiler Plate’ based on today’s conditions. 

• Set realistic annual forecast based on market insights.

• Conducting custom, quarterly benchmarking reviews.

• Monthly Internal stakeholder communication on the business and how it compares to the market.

Results Achieved

• Clearer understanding of position in the market and how commercial practices compare to others in the industry.
• Ongoing: Drewry Benchmarking Club provides valuable insights into how peer companies are managing challenges like new surcharges or fees, helping validate the approach taken and identify further areas of improvement.