PUBLISHER: The Load Star (www.theloadstar.com)
ECU Worldwide is betting on further growth in India as global importers source more Asia-made goods to meet roaring consumer and manufacturing demand.
ECU is one of the largest global cargo consolidators and a leading non-vessel-operating common carrier (NVOCC) and CEO Tim Tudor told The Loadstar demand for LCL (less-than-container-load) services would continue to grow as ocean capacity tightened this year, because of widespread disruption caused by the pandemic.
“There are currently 100 vessels outside the port of Los Angeles, and similar delays are being seen in many other ports around the world,” Mr Tudor said. “This [congestion and dysfunction] will continue to work well for LCL, as shippers reconsider their freight flow and many opt for a more continual feed supply chain, which would include more LCL.”
According to him, although a fresh surge in Covid cases in India will inevitably cause disruption, authorities at various levels are taking timely proactive steps to ward off any large-scale supply chain hiccups to enable resurgent economic activity to continue as seamlessly as possible.