It’s 2023 and we’re in a very different place compared to last year. This time last year, shippers were getting inventory in as quickly as possible and the supply chain was faced with tight capacity and blockages.

Today, we are now facing a potential recession. After two consecutive quarters of destocking, demand has fallen and supply chains are looking very different.

In Episode 38 of Freight to the Point, Alex Hersham is joined by Richard Lim, CEO at Retail Economics and Chantal McRoberts, Head of Advisory at Drewry Shipping Consultants as they talk about the economy and how it has affected the supply chain market.

They cover:

The state of the economy and how it has impacted day-to-day consumer activity
Which sectors are more impacted than others
How shippers are reacting to the changes in the economy.
Their predictions for Q2 and Q3 in 2023
Key takeaways on how businesses can get through this environment

Richard Lim

Richard is the CEO at Retail Economics and previously headed up the ‘Retail Insight and Analytics’ team at the British Retail Consortium. Before that, he worked in mergers and acquisitions for Citi Group. He has a wealth of experience in data analytics, consumer research and macroeconomics, and is skilled in generating actionable insights for clients. Richard is based in London and has a keen interest in Behavioural Game Theory.

Chantal McRoberts

With over 20 years of experience in the maritime and container shipping industry, Chantal McRoberts has worked for a range of companies including P&ONedlloyd, APL and Maersk in trade management and operational roles. As Head of Advisory at Drewry Shipping Consultants, Chantal is a qualified project manager and oversees core deliverables for bid events and advisory work.

Resources

Do shippers now have the power in contract negotiations?

Ocean outlook 2023: Are you prepared for next year?

Episode 19: How can you be a shipper of choice? A discussion with Chantal McRoberts

Episode 38: What can we learn from previ...