Logistics discusses how to respond to fuel price fluctuations

Logistics discusses how to respond to fuel price fluctuations

TTO - In the context of fluctuating fuel prices, escalating prices, logistics enterprises have sat together to discuss solutions and adaptations in this period.

This is the program "Morning coffee with HLA" organized by the Ho Chi Minh City Logistics Association. HCM organized and discussed how to respond to fuel price fluctuations that received a lot of attention from the business community - Photo: CONG TRUNG

 

At the sharing session "Morning coffee with HLA" by Ho Chi Minh City Logistics Association Hcm city held on 29-3, many businesses in the industry have expressed difficulties and proposed solutions to adapt to fuel price fluctuations.

Mr. Truong Nguyen Linh - deputy general director of Logistics Development Joint Venture Company No. 1 (joint venture unit investing in the operation of VICT port) - said that logistics costs to exploit seaports are very large.

At the end of 2021, the enterprise plans to operate in 2022 with an expected fuel price of about 16,000 VND/liter and the current reality has increased sharply, pushing the difference in fuel costs to half a billion VND per month. Fuel prices have increased, but it is extremely difficult to discuss price increases with customers.

Similarly, Mr. Duong Ngoc Trung - Deputy General Director of SDS - MP Logistics - shared that gasoline prices have increased by 30% compared to last year, the general level of freight rates increased by 5-10%.

Currently, businesses expect the Government's management of policies to stabilize gasoline prices in Vietnam by reducing taxes. There have been customers who have agreed on an increase in freight rates corresponding to an increase in gasoline prices. However, there are still some manufacturing enterprises that face difficulties, want to renegotiate to have a reasonable cost.

"Precarious fuel fluctuations, increasing service prices with customers is a long way, not everyone accepts it immediately. Large enterprises have the resilience, so we are very considering raising prices," said Pham Thi My Le, deputy marketing director of Saigon Newport Corporation.

According to businesses, not only fuel prices but all types of prices fluctuate, immediately impacting logistics businesses, capital costs increase. Therefore, at the sharing "Morning coffee with HLA" has suggested many solutions and opportunities for logistics businesses to "shake hands" to cooperate with each other, holding freight rates in accordance with the market.

Chairman of Ho Chi Minh City Logistics Association HCM & MP LOGISTICS CEO, Ms. Dang Minh Phuong said that 10 days will adjust gasoline prices, businesses need to work with customers to adjust prices when gasoline fluctuates.

It is necessary to call for the companionship of partners to share and transparently increase shipping prices. At the same time, enterprises actively seek stable petroleum supply, strengthen cooperation between businesses.

Ms. Phuong, who is known as the "queen of logistics in Vietnam", also suggested that MP Logistics one day outsource up to 500 transport cars. If the shipping business has a need that can be met, cooperate with MP Logistics.

Ms. Phuong added that the logistics business community is hoping for Ho Chi Minh City. HCM City will extend the time to collect seaport infrastructure fees in the near future to reduce a cost burden.

Rising fuel prices are challenging but also open up opportunities for businesses to access technology, opening up solutions to optimize the process of transporting goods, limiting empty vehicles. In addition, businesses petitioned authorities to focus on rapid infrastructure development, reducing operating time.

Mr. Nguyen Dang Hai - General Director of Khoi Long Trading and Service Joint Stock Company - shared that one solution of the unit to reduce fuel costs is to optimize transportation, less use of old vehicles that consume fuel.

For example, old tractors running about 100km cost 30-40 liters of oil, Mr. Hai's company uses new cars to reduce fuel costs. At the same time, warehouses use electric forklifts to optimize costs...

CongTrung - tuoitre.vn

Ý kiến bạn đọc
Chủ đề liên quan
Có thể bạn sẽ quan tâm

What is FCL/LCL?

An FCL/LCL contract is a mode of shipment by ocean freight, also called “pier/house”. The charger takes the packages in a container and delivers a cargo which is destined for several different recipients. On arrival to the port destination, the packages are separated. They are then put at the disposal of the different recipients or delivered to them.

Reduce logistics costs, increase import and export capacity

The Vietnam Association of Logistics Service Enterprises (VLA) has just reported on logistics activities in Vietnam, in which it is worth noting that logistics costs are equivalent to about 20-22% of annual GDP, significantly higher than Thailand (19%), China (18%), Malaysia (13%) and nearly three times higher than countries such as the US, Singapore (8%).

Automated palletising system stream lines process

Tectra Automation has successfully designed, supplied, installed and commissioned a turnkey solution that has simplified the palletising process while increasing...

FM Logistic to manage warehouse operations for gro24/7

Third-party logistics provider FM Logistic recently announced a partnership with gro24/7, one of the largest B2B e-commerce platforms in Việt Nam, to provide warehousing and urban logistics services.

Logistics and fintech combine to solve Africa’s transport challenges

Key to unlocking value chains, especially in the tech start-up space is the ability of large established corporates to work effectively with small agile start-ups.

Global logistics activities in 2022 and implications for Vietnam

In the first months of 2022, the global logistics market continues to recover and enters a new phase with the expectation of bringing significant growth for both 2022 and the next period. However, in the face of risks from the Russian-Ukrainian war tensions, the outbreak of the disease in China... is raising the risk of global supply chain disruptions, affecting logistics activities. In the face of complicated developments on a global scale, there are still many difficulties in the short term, requiring logistics businesses and shippers to continue to adjust supply chain and logistics models.

Opportunities for businesses to increase food exports to Africa

Through the implementation of trade promotion activities, most African countries highly appreciate and trust the quality of many food products of Vietnam.

Ministry of Industry and Trade organizes Vietnam Logistics Forum 2022

Vietnam Logistics Forum is an annual event organized by the Ministry of Industry and Trade in collaboration with relevant agencies since 2013. This is an important event of Vietnam's logistics industry with the goal of promoting the development of logistics services, creating a cohesive link between logistics and manufacturing and import and export industries, and also a place for dialogue and updating information on important issues, the urgency of logistics services in Vietnam and the world.

CMA CGM buys New York/New Jersey terminal operations from GCT

French carrier’s East Coast move follows 2021 terminal investment in LA

Efficiency advances in logistics only accessible with digitalisation

With Vietnam’s logistics industry estimated at $80 billion and with an increase of 14-16 per cent annually, the adoption of digital transformation and automation is expected to drive more efficiency in the sector.