Navigating Cargo Procurement Amid Market Volatility

Major disruptions in freight markets highlight the need for real-time procurement strategies, says Xeneta, to avoid costly missteps.

Published: June 29, 2026 | Author: SeaNews | Category: Logistics

    SeaNews Türkiye - Maritime Intelligence
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    Navigating Cargo Procurement Amid Market Volatility

    June 29, 2026
    SeaNews
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    Major disruptions in freight markets highlight the need for real-time procurement strategies, says Xeneta, to avoid costly missteps.

    Eleven major disruptions in six years have reshaped global freight markets, underscoring the need for procurement strategies built on live market intelligence rather than annual playbooks, reports Xeneta.

    Since 2020, shocks have included the pandemic demand collapse and surge, the Ever Given grounding, container shortages, Russia's invasion of Ukraine, Shanghai lockdowns, the Panama Canal drought, the Red Sea crisis, US port strikes, tariff shifts, and carrier alliance reshuffles. The cadence is nearly two disruptions a year.

    Xeneta stated that procurement teams relying on internal rate history and carrier quotes risk 'buying yesterday's market.' Without independent visibility, shippers overpay on spot rates, mistime tenders, and discover shifts only after costs hit their books.

    Current fundamentals show capacity at record highs on major trades, with blank sailings below 10 to 15 percent and demand tracking 5 percent year on year. Yet, spot rates are rising as carriers manage supply through blank sailings and allocations, often adding surcharges not tied to genuine scarcity.

    Resilient teams anchor negotiations to neutral market data, time tenders to conditions, build flexibility into contracts, and run early-warning loops. One beverage shipper reallocated 3,000 TEU and held a carrier to contracted rates, while another negotiated down a 100 percent surcharge request.

    Benchmarking against live market data speeds tenders by up to 20 percent and delivers awards averaging 23 percent below market. Xeneta warned that the next disruption is already forming, and the question is whether procurement strategies are built to absorb it.

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