ANN ARBOR (WWJ) – LLamasoft, the Ann Arbor-based provider of supply chain design software, and Drewry Maritime Research, the provider of freight rate benchmarking, Thursday announced a partnership to make Drewry’s global ocean container and air freight rate benchmarks available to LLamasoft customers for use in supply chain design.
LLamasoft will resell Drewry’s Container Freight Insight and Sea & Air Shipper Insight benchmarking products as part of the new LLamasoft Data Services offering.
Drewry publishes container freight rate benchmarks on more than 600 international trade routes as well as several aggregated indexes in its Container Freight Rate Insight, which is available online at www.drewry.co.uk/cfri. It also publishes air freight rate benchmarks on 21 East-West trades in its Sea and Air Shipper Insight. The data is widely used for benchmarking and market analysis and is a key component in modeling new supply chain and transportation networks.
The benchmarking service will enable LLamasoft customers to understand global ocean and air freight rate market trends to help determine the cost and feasibility of new network structures and shipping locations.
“Our collaboration with LLamasoft enables Drewry’s freight rate benchmarks to be used by a wider community of users who will benefit from reliable, trusted market information which has become the industry standard,” said Drewry director Philip Damas.
Added LLamasoft president and CEO Donald Hicks: “Drewry is the gold standard for ocean rates, benchmarking and analysis. Missing or incomplete data remains one of the biggest hurdles to overcome in most supply chain design efforts. This partnership continues to deliver on our commitment to solve the missing data problem for LLamasoft customers and ensure that every supply chain design study or project is a success.”
LLamasoft supply chain design software enables companies across a wide range of industries to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability and risk mitigation.
Drewry Maritime Research is the research arm of the Drewry group. Drewry also includes two advisory brands, Drewry Maritime Advisors and Drewry Supply Chain Advisors and specialist investment research brand Drewry Maritime Equity Research.
Drewry has more than 40 years’ experience within the maritime sector, employing over 90 specialists across our international offices in London, Delhi, Singapore and Shanghai.