The Weekly Take from CBRE
Ride Captain Ride: Unlocking the value of seaports
Oct 23, 2023
The Executive Director of the Port of Los Angeles and a representative from South Carolina Ports discuss the impact of the pandemic on seaports and the resurgence of trade activity. They explore strategies to alleviate congestion, the fluctuations in shipping container costs, challenges of finding land near ports, and the importance of workforce in the shipping industry. The podcast also touches on the changing manufacturing landscape in the US and upcoming episodes on data centers and disruptive entrepreneurship.
44:19
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Quick takeaways
- During the pandemic, ports faced congestion but implemented strategies like fine levies and collaboration with terminal operators to alleviate congestion and expedite cargo movement.
- Inland ports play a significant role in the supply chain by providing gateways for importers and exporters, enabling faster transit and reducing congestion at seaports.
Deep dives
Overview of Ports during the Pandemic
During the pandemic, ports faced congestion and disruptions in global supply chains due to increased cargo demand. The Port of Los Angeles experienced a drop in cargo followed by a surge in American consumer buying, resulting in a backlog of ships waiting to unload. The port implemented strategies like fine levies and collaboration with terminal operators to alleviate congestion and expedite cargo movement. The South Carolina Ports Authority tackled congestion by investing in chassis and altering berth practices. As a result, both ports have seen a resurgence of exports and are currently handling more goods.
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