<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=1950986&amp;fmt=gif">

Subscribe to the NYSHEX Blog

De-Risking Your Supply Chain: Protecting Against Pandemic Panic

It would be unwise to approach the Coronavirus or COVID-19 with anything less than caution and vigilance with more than 126,000 confirmed cases and almost 4,600 deaths globally to date. We’re witnessing in real-time, the impact of the virus’s spread; from travel bans, empty retail shelves, complete lock-downs and the cancellation of gatherings like TPM20. As the virus, and the associated fear, spreads, containment controls and their consequences are likely to become more severe.

NYSHEX Expands Carrier Network with Addition of Ocean Network Express

ONE joins a group of innovative carriers who use NYSHEX to offer their customers the ability to enter digital and mutually enforceable contracts. With seven of the leading global ocean carriers on NYSHEX, over 60% of global capacity is represented. The member carriers also represent all three container shipping alliances: 2M, Ocean Alliance and THE Alliance, providing NYSHEX shipper members a broad array of service options to choose from.

NYSHEX: One Small Step for a Startup, One Giant Leap for Shipping!

Many who are reading this article desire to stay up-to-date on our trajectory from afar, as guaranteed contracts could one day be an option for you in a pinch. Others of you can take pride in knowing that you have personally helped build the Exchange into what it is today. Regardless of where you are in your journey toward guaranteed contracts, this article and the resulting impact to the industry may surprise you.

Are your digital initiatives providing the returns you expected?

If you work in the container shipping industry, the chances are pretty high that your company, or at least one of your business partners or competitors, is undergoing a digital transformation. It was inevitable, right? Countless other industries have gone digital over the past few decades, including payments processing, retail, financial exchanges, travel, hospitality, and real estate. In fact, if you can think of an aspect of your life that has been unaffected by computers and the internet, let me know and we can co-found a new company to digitize it.

A Glimpse into the NYSHEX Default Process

While most people are aware that NYSHEX offers enforceable contracts, they may not be aware of what the process is for having that contract enforced. The dispute process may sound daunting in theory. However, NYSHEX strives to make this process as efficient as possible. Our dispute process is not the large tribunal you may be picturing. At the same time, it is not a completely arbitrary resolution process either.