Peak season, that critical time during the year, when cargo needs to move as planned to ensure companies have their products in position for the all-important holiday season is once again wrought with many of the same old challenges - and some new ones too.
Everywhere you look, there are more and more emerging businesses and ideas around the applications for blockchain in the supply chain. It can be difficult to discern which opportnities offer the potential to provide realizeable benefits in the foreseeable future. I’m bullish about blockchain technology but bearish about cryptocurrencies and the following paragraphs will outline my personal opinions regarding the role that blockchain and cryptocurrencies will play in the near term.
We are pleased to announce another significant addition to the NYSHEX community. We are pleased to welcome Hyundai Merchant Marine (HMM) as the newest carrier member on the exchange.
Since our 2017 launch, we have seen volume growth of close to 600%. That growth is extremely exciting for Team NYSHEX, but more importantly for our members who continue to benefit from digital contracting. But, growth comes with an increasing need to develop and roll out new product features, like our Binding Request tool to enhanced notifications and reporting capabilities.
In any market, the price of a good, service, or security is a function of supply and demand. How this price is determined varies by where the transaction occurs and the relationship between the buyer and seller. For example, you can’t reasonably expect to negotiate with your supermarket over the price of the avocados you need to make guacamole tonight. You can bet, however, that the supermarket negotiated with their suppliers over the price and quantity and delivery date of those avocados.
NYSHEX’s Hybrid of Guaranteed Ocean Shipping and Digital Contracting
Finds Fertile Ground at the Agriculture Transportation Coalition Annual Meeting.
With summer in full swing and a wide scale greening everywhere you look, I’m astounded to see what was just seeds weeks ago becoming massive plants, flowers, and vines. [Note to self: weed the maple seedlings in the yard before they take over.] A few days ago, I had an equally amazing opportunity to see the seeds of NYSHEX that were planted with export shippers a year ago coming into full bloom at the Agriculture Transportation Coalition Annual Meeting (AgTC), a gathering of over 400 agricultural and forest products shippers and logistics professionals.
In 2017, the New York Shipping Exchange (NYSHEX) officially launched as the very first to bring a fixed price, fully enforceable and reliable digital freight contract to the global container shipping market. Since our launch, we have been providing shippers with reliable TPEB and TPWB service options from top ocean carriers including: CMA CGM, Hapag Lloyd, Maersk Line, OOCL and COSCO.
Today, we’re thrilled to share that we’re now in Asia with a headquarters location in Hong Kong.
Cotton, the fabric of our lives, the canvas for our favorite concert t-shirt, and one of the United States’ biggest export commodities. That was the focus of my eye-opening recent visit to Austin, Texas and the American Cotton Shippers Association (ACSA) conference.
This ubiquitous and often underestimated commodity accounts for millions of tons in exports to overseas destinations every year where it is spun into yarns and eventually ends up as our new favorite t-shirts, jeans and more.
I know. Cotton sounds simple. But believe me, it’s not. That’s why I’ve made it a point to get schooled on the ins and outs of the cotton trade.
As a proverbial new kid on the “dock” it can be challenging to know exactly how to share who and what you are in an industry littered with globally recognized brands and many new tech start-ups.
One of the best things about operating a membership driven organization is that the members themselves are the one’s who have the say in the future of that organization. They have a tremendous impact on the processes, future development, governance – and they also happen to be the authoritative voice for an entire industry seeking to understand “how” and “why” NYSHEX could work for them.
So, here are the top things four of our members want you to know about NYSHEX:
News of increased tariffs and threats of trade wars have been all over the front page in recent weeks. There have been claims that the U.S. trade deficit is a problem and that narrowing it is important for GDP growth. As a company enabling international shipping, we believe in more free trade, not less.