Container xChange, a prominent online container logistics platform, conducted a survey with 1200 supply chain professionals worldwide, revealing a positive outlook for the global container shipping industry in 2024. A significant 74% of respondents expressed optimism, with 20% expecting stability and only 6% foreseeing a decline. The survey indicated a collective belief in increased container prices compared to 2023. The Container Price Sentiment Index (xCPSI) reflected this optimism, consistently showing higher values in H2 2023. The survey highlighted a strong emphasis on technology adoption, with forecasting and planning identified as the top priority for investments in 2024. Additionally, respondents suggested that carriers might address oversupply through exploring new markets, adjusting trade routes, scrapping old vessels, and employing slow steaming strategies.

SOURCE:GOOGLE