The supply chain design software solutions provider LLamasoft said Thursday it has partnered with Drewry Maritime Research 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 (CFRI) and Sea & Air Shipper Insight (SASI) 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
. 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.
"Drewry is the gold standard for ocean rates, benchmarking and analysis,” added Donald Hicks, LLamasoft's president and chief executive officer. “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.” - Eric Johnson