Helping To Weather The Storm With A Trade Bank For All Seasons

Treasury and Trade Solutions 6 Figure 5. Ports Experience Increases 4 in Average Stop Duration by Shipment 4. Larger circles in darker colour indicate longer average stop duration at ports. The average percentage of idle time per shipment, which can be a useful data point for corporates to optimize inventory levels, has also increased to over 70%, well above the three-year average of 58% across the shipments that Contguard tracks. Supply chain issues have also been widely reported in the news media, especially over the past 12 months. By using NLP to extract topics mentioned, Figure 7 illustrates the terms that are most often associated with supply chain news articles. Unsurprisingly “Shortage” and “Procurement” are the two most mentioned terms highlighted in the news but importantly supply chain optimisation, inventory control management and order fulfilment have also been the key topics discussed. The supply chain challenges observed currently can highlight the importance of engaging with a bank that has a global footprint and a culture of fostering innovations to help corporates navigate potential roadblocks at this critical time. Figure 6. Average % Idle Time per Shipment Source: Citi Global Data Insights, Contguard 75% 70% 65% 60% 55% 50% 45% 40% 35% 30% Jan 18 Jun 18 Nov 18 Apr 19 Sep 19 Feb 20 Jul 20 Dec 20 May 21 Oct 21 Idle time percentage Average Source: Contguard