[Supply Chain Media] Chaos in container shipping forces changes in procurement strategy
Luxembourg-based technology company Shipsta started building an intelligent transport procurement platform in 2015 and has grown rapidly – from 20 to 65 employees – in the past year. This is partly due to the chaos that the pandemic has caused in container shipping, which has created the need for new, smart solutions among shippers. “The chaos is causing major delays in the supply chain and multiple shippers are running out of stock. They are competing with each other for space on the container ships”, stated Oliver Ritzmann, Chief Commercial Officer and co-founder of Shipsta.