Could Take A Few Years for Ships to Catch Up to Demand: Freightos CEO

The video discusses the inefficiencies in the shipping market and how Sofritos, a digital marketplace, aims to improve it by matching carriers with importers and exporters. The impact of COVID-19 has led to increased demand for goods, causing delays and capacity issues. Future scenarios depend on consumer behavior and shipbuilding timelines. Technological solutions like air cargo and digital marketplaces offer some relief. The unpredictability of market trends makes it challenging to forecast future conditions.

What is the primary goal of Sofritos in the shipping market?

• To build more ships

• To match carriers with importers and exporters efficiently

• To increase shipping costs

• To reduce the number of shipping companies

What has been a significant change in consumer behavior since COVID-19?

• Decreased spending on services

• Increased spending on services

• Decreased spending on goods

• Increased spending on goods

What is one potential scenario that could alleviate the current shipping demand?

• Increasing the number of freight forwarders

• Increasing spending on services

• Building smaller ships

• Reducing the number of importers

How can urgent goods be shipped more quickly despite high costs?

• By reducing the size of shipments

• By using air cargo

• By waiting for new ships

• By using slower shipping routes

What is a benefit of a digital marketplace in shipping?

• It increases shipping costs

• It limits shipping options

• It opens up alternative routes and options

• It reduces the number of carriers