PRESS RELEASE – Shipping consultant Drewry has partnered with Freightender to combine Drewry’s combining ocean freight cost benchmarking and procurement support services with Freightender’s cloud-based procurement technology platform.

With technology playing an increasingly important role in the management of complex, data-heavy procurement events, both companies recognize the value to global shippers of digitally enabling programs that help them enhance productivity and deliver commercial outcomes that balance cost containment with improved service performance.

The Drewry-Freightender partnership will enable medium and larger-sized shippers to gain access to a single-source solution covering market insight and best practices applied to bid planning, contract capacity clauses, carrier management, and related areas. The new service, which will be marketed under Drewry’s existing e-Sourcing Ocean Freight Solution brand, provides shippers with a more effective, broader, and scalable approach to managing complex sourcing events.

Time-sensitive bids

“The Drewry-Freightender partnership is a powerful combination to enable shippers to plan and manage increasingly difficult ocean tenders while addressing the need to secure capacity and mitigate unavoidable cost increases”, says Philip Damas, head of Drewry’s logistics practice. “Like Drewry, Freightender is an agile, expert company which can move fast and provide specialist support for time-sensitive ocean bids.”

“Shippers are in need of an agile and flexible procurement solution that allows them to react faster to market changes and unforeseen challenges”, adds Pieter Kinds, Freightender CEO. “By joining forces, we are able to deliver a total procurement solution that combines cutting edge technology with real-time intelligence and best practice expertise from a trusted partner, Drewry.”

The partners believe their partnership will make bid technology and bid best practices accessible to medium-sized shippers, much like the cost benchmarking services already used by larger organizations.