2 years ago

Opportunity Issue 99

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Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors and looks to provide its readers with first-hand knowledge about South African business. Opportunity also looks to present South African business to international markets that may have interests in investing in South Africa. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

LOGISTICS How Covid-19

LOGISTICS How Covid-19 has changed the container industry Credit: Diego Fernandez on Unsplash We rarely think of the journey our favourite items take before they reach us. That was until the ripples of the Covid pandemic threatened to hinder access to the necessities we have become dependent on. CEO and co-founder Kashief Schroeder of Container Intermodal Trading (CIT) shares his insights. To begin to grasp how important the international logistics landscape is to our daily lives, it is essential to realise that almost everything you touch has been in a container at some point on its journey to get to you. Either as a whole product or as the parts and raw material that make up the final product. To say that the fluctuations in costs involved in containers and freightshipping rates impact our livelihood would be a gross understatement. As the world scrambled to adjust to operating in new conditions, there is no doubt that the shipping and container industry has changed drastically over the last two years. The question remains, what do these changes mean for the average South African consumer's bank balance? Increases at factory level Like any product, containers eventually age and need to be replaced with new ones. The container manufacturers that produce this stock play a pivotal part at the start of the intermodal process. One of the challenges facing the consumer is the role played by container factories in the global scheme. The factories have a huge influence on the cost chain of shipping. 18 |

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