Executive Briefings

Meeting Ocean Vessels' Supply Needs the Old-fashioned Way

Ship suppliers are managing to weather the economic storm by putting solid and vetted business partnerships ahead of any major move towards online procurement, according to one of the industry's trade bodies.

The International Shipsuppliers & Services Association (ISSA) said that while e-commerce was clearly part of the ship supply sector, it was the traditional practices of the small to medium-sized supply businesses that were proving more resilient in today's turbulent economic times than "the global behemoths that have been shown to try and fail spectacularly over the past 20 years".

By its very nature, ship supply is a bespoke business "and one size does not fit all," said ISSA president Jens Olsen. "Working with partners such as InterManager, ISSA has been able to flag up the contentious issue of late payment by ship managers and continues to seek innovative solutions to assist both sides in fulfilling their financial obligations timely. In spite of everything the ISSA membership roll continues to grow in particular in India, Indonesia and certain parts of South America."

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Keywords: ocean cargo, ship suppliers, transportation management, supplier base, logistics services, supply chain management

The International Shipsuppliers & Services Association (ISSA) said that while e-commerce was clearly part of the ship supply sector, it was the traditional practices of the small to medium-sized supply businesses that were proving more resilient in today's turbulent economic times than "the global behemoths that have been shown to try and fail spectacularly over the past 20 years".

By its very nature, ship supply is a bespoke business "and one size does not fit all," said ISSA president Jens Olsen. "Working with partners such as InterManager, ISSA has been able to flag up the contentious issue of late payment by ship managers and continues to seek innovative solutions to assist both sides in fulfilling their financial obligations timely. In spite of everything the ISSA membership roll continues to grow in particular in India, Indonesia and certain parts of South America."

Read Full Article

Keywords: ocean cargo, ship suppliers, transportation management, supplier base, logistics services, supply chain management