Atlanta, GA, 02 March 2018 – Chainalytics, a global leader in supply chain consulting, and Drewry, the global shipping consultancy, have partnered to launch an innovative ocean freight procurement solution for shippers. The Chainalytics Ocean Buying Group, in partnership with Drewry, will provide participating Beneficial Cargo Owners (BCOs) with enhanced purchasing power, service monitoring and cost transparency.
The new strategic partnership delivers a pioneering ocean freight procurement platform that will enable medium and small scale importers and exporters to collaboratively achieve “big shipper” rates and terms direct with ocean carriers and benefit from shared intelligence for better commercial decisions.
Philip Damas, head of Drewry’s logistics practice, remarks; “This is an exciting initiative for both organisations. By combining propositions we’re able to offer a unique service delivering much needed improved ocean carrier contractual terms with full transparency, cost stability and predictability, market intelligence and technology-driven category management to a segment of the market that often suffers pricing volatility and opaque service levels.”
Platform to provide a level playing field
John Westwood, Senior Manager, Chainalytics Transportation Practice, states, “We designed the Ocean Buying Group to provide companies often outsized by competitors the opportunity to gain “big” shipper value relative to the size of its organization and quantity of shipments, and our partnership with Drewry further enhances our clients’ capabilities to competitively acquire ocean freight services.”
Arjun Batra, Group Managing Director at Drewry, affirms, “Smaller retailers and manufacturers often struggle to achieve favourable rates on their international shipments. This initiative levels the playing field by providing these organisations with a collective buying solution that can deliver real purchasing power.”
“This is an exciting initiative, not only for both our organisations but also for BCOs”, he adds. “Between our two companies lies a vast knowledge bank of market insight and intellectual know-how which can be exploited to the full. Through the launch of the Ocean Buying Group we look forward to delivering something compelling to those that value our independence and impartiality.”
Media Contacts and Further Information
Further information on the Ocean Buying Group is available from the Chainalytics website at www.chainalytics.com/OBG:
15-17 Christopher Street,
London EC2A 2BS
Tel: +44 (0)20 7650 1676
Fax: +44 (0)20 7987 9396
Contact: James Harley, Head of Marketing and Business Development
2500 Cumberland Parkway, Suite 550
Atlanta, GA 30339
Tel: (770) 433-1566
Fax: (877) 216-2722
Contact: James Mumford, Director, Global Marketing
Bright Minds. Better Methods. Best Outcomes. Chainalytics accelerates fact-based transformation for supply chain leaders around the globe, including 18 of Gartner’s Top 25 supply chains. We bring unparalleled passion to our core purpose: to help leaders realize maximum value from their supply chains. Our combination of top supply chain talent, proven methodologies and proprietary market intelligence delivers actionable insight and measurable outcomes. With locations across North America, Europe and Asia-Pacific, Chainalytics serves companies globally in a borderless fashion. Tap into the top minds in supply chain management today.
Drewry is a leading international provider of research and consulting services to the maritime and shipping industry. From its origins in 1970 London to a 21st century maritime and shipping consultancy, Drewry has established itself as one of the most widely used and respected sources of impartial market insight, industry analysis and advice. Offering a unique combination of sector knowledge, rich market insight and commercial awareness Drewry is able to consistently deliver the performance, profitability and competitive advantage its clients seek. Drewry serves its clients through four business units: Drewry Maritime Research, publishing market-leading research on every key maritime sector; Drewry Maritime Advisors, supporting the needs of shipping and financial institutions; Drewry Supply Chain Advisors, providing seafreight procurement support to retailers and manufacturers; and Drewry Maritime Financial Research, delivering an Investment Research Service on listed companies operating in the industry.
Drewry has a truly global perspective of the maritime sectors and areas of expertise it covers and employs over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai.