Latest Press Release
Time to Turn Crisis into Opportunity
April 07, 2020
Trade journal CargoTalk interviewed Shipsy’s Co-founder and CEO, Mr. Soham Chokshi on how COVID-19 pandemic has crippled the world supply chain and what future measures should Indian supply chain industries take to convert this into opportunity.
He also highlighted the fact that the world supply chain leaders have realized the importance of reducing dependency on China and are empanelling tier 2 / 3 suppliers from labor-intensive nation, albeit at slightly higher costs, to ensure no future disruption due to any crisis.
Read more at :- Cargo Talk
Containers Pile Up, Freight Rates Soar as Shipping Lines Cut Down Sailings
March 26, 2020
According to Shipsy data, the average turnaround time for a container at various global ports has gone up sharply. Shipping lines are cutting down on the number of sailings amid the Covid-19 scare, resulting in the piling of containers at ports and increased freight rates, despite a sharp fall in crude oil prices.
Read more at :-The Economic Times
Startups Grapple With Hiring, Appraisal Challenges
March 25, 2020
COVID-19 lockdown has pushed companies to put in place work-from-home policy, but the major question arises on how do companies ensure the emotional well-being of a remote team.
Read the article to know how Shipsy secures active participation of its remote team by indulging them in team-building activities like enjoyable “Polling Activity”, “Morning stand-ups”, etc
Read the full article :- Inc24
Conserving Cash and Postponing Expansion Plans
March 24, 2020
The rapid spread of COVID-19 has had a major impact on the consumer-focused startups that
are in their early stages of development. According to experts, startups have begun conserving
cash irrespective of their size. Any investment that was in the pipeline has been curtailed.
At this time of panic, Shipsy CEO Mr. Soham Chokshi, ,his focus is to save cost and provide salaries to the teammates.
Read the full article to know more :- Business Standards
Shipsy’s Opinion on How COVID-19 has Affected the Cargo Shipping Industry Globally
March 24, 2020
As countries seal borders to prevent the spread of COVID-19, the shipping industry has taken a hit. Indian logistics sector are finding it challenging to keep the business lines operational.
According to Mr. Soham Chokshi, “ports have been closed in many parts of the world. Containers that would get emptied and reloaded in three days were taking more than two weeks to turn around, causing an acute shortage in India”.
Read the full article to know:- Money Control
“Work From Home” has Become Essential After the COVID19 Outbreak in India
Shipsy’s CEO Mr Soham Chokshi talks about how the COVID-19 has impacted growth of Shipsy a SaaS based company and how the teammates manage their day-to-day task while working from home.
Find out more :- Hindustan Times
There has been a substantial growth in the number of containers cleared at Nhava Sheva and Mundra yet a lot more are to be cleared but as per the port authorities they have got back their resources and in the coming week more number of containers are expected to be cleared and delivered.
How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module
The spread of the COVID-19 has effected the shipping industry in unprecedented ways. As a large number of containers are stuck in transshipment and countries have put restrictions on the movement of ships to contain the spread of the virus, this leads to a mismatch of demand and supply in the market.
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