Pinnacle Logistics Solutions has chartered a vessel to deliver 8,000 tonnes of steel from Bilbao in Spain to the port of Hamilton in Ontario, Canada.
The vessel covered a total of 3,429 nautical miles between the ports across approximately 12 days, traversing through the North American Great Lakes and eventually travelling west on the St. Lawrence Seaway into Lake Ontario in Canada.
Pinnacle said that the project served as a case study examining the benefits that emerge when companies take control of their supply chain, versus suppliers maintaining control of it.
“This is a conversation we have regularly with our clients,” said Aaron Gerber, principal and vice president of sales at Pinnacle. “You want to be in the driver’s seat as it pertains to your supply. You don’t want that to be the burden of your vendors.”
Gerber indicated that companies should invest in supply chain control for two reasons. “For one, you’re paying a management cost for someone else to manage, and control, your freight – often to their benefit, not yours. And the second reason is flexibility. No one is as motivated to respond to your business drivers as you are. Whether we’re talking about timing, risk factors, commercial factors – what’s the best way to get this done affordably and efficiently? Those aren’t the kinds of things that suppliers are motivated to resolve in the best interests of the client.”