Eric Bailey (Owner and CEO of Cyclone Shipping) appeared on The Almond Co’s “The Latest” show.
In this interview, Eric Bailey elaborates on the role of freight forwarders in international logistics. Freight forwarders orchestrate all facets necessary for the transcontinental shipping of goods. This includes the management of documentation and operational logistics, ensuring a seamless process that facilitates financial transactions for sellers and guarantees timely delivery for buyers.
The conversation then shifts to the current challenges in the shipping industry, with a particular focus on the disturbances in the Red Sea. These disruptions are significantly impacting maritime routes, especially those pertinent to cargo originating from the West Coast of the United States. Eric talks about risk of cargo accumulation at strategic ports, which could cause considerable delays in the global supply chain.
The conversation turns to the Panama Canal. This vital maritime corridor is essential for the transit of ships between the world’s oceans. The drought has caused a reduction in the number of vessels that can navigate the canal, potentially delaying the delivery of goods and leading to extended shipping times and increased logistical costs.
Further, Eric and Mike explore the evolution of the shipping industry, characterized by a notable consolidation of shipping lines. This development has effectively reduced the options available to shippers, underscoring the necessity for shippers to exhibit adaptability and ingenuity in addressing these challenges. This may include the consideration of alternative shipping routes or modes of transport.
