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Finance execs: Do you realize this happens within your supply chain?

I joined NYSHEX about two years ago and this is my first experience within the shipping industry. Accurate forecasting, precise financial planning and keeping costs low are all incredibly critical aspects of my role and what keep all finance and accounting executives up at night. I've been completely shocked by the opacity inherent and unique to shipping freight procurement. This post is intended to share some of the key learnings I’ve obtained since joining the industry and how such learnings could be utilized by the accounting or finance decision-maker of a company shipping containerized ocean freight.

The New York Shipping Exchange and MarsEx announce their collaboration

The New York Shipping Exchange and MarsEx are proud to announce their collaboration toward the first guaranteed reservations to the planet, Mars. The MarsEx Transit Vehicle which is scheduled to depart Earth for Mars in the year 2030 will utilize the demonstrated accountability model of NYSHEX to fill each of the 100 passenger slots.

The Wheel of Uncertainty

When I graduated from college and decided to go into international shipping, no one ever told me I was joining an industry with such a passion for gambling.  Ok sure, we don’t find ourselves in Vegas or Atlantic City often, but we do throw the dice onto a high-stakes table each time a booking gets made.  Don’t believe me?  Well, how about these proof points:

Grab a coffee and hear my 2019-2020 ocean contracting season projections

I’ve always enjoyed listening to economists’ forecasts about the future.  But, you know what the brightest minds say about forecasting:  “Prediction is very difficult, especially if it's about the future.” (Thanks Nils Bohr, Nobel laureate in Physics.)

NYSHEX Announces 2019 Board of Directors

NEW YORK, NEW YORK – February 6, 2019 – The New York Shipping Exchange (NYSHEX), today announces new appointments to their Board of Directors