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Order entries in Engineering Industry diminished heavily

The order entry in the first half of 2020 have diminished around 16%, compared to the same period last year for the German engineering industry, said the VDMA (Organisation of engineering companies in Germany) last week. The reduction of orders from outside Germany was exceptionally.
The reason is not only the corona crisis, but also the trade dispute. The comparison is difficult, because the last year was extraordinarily good.

The problem for the shippers is now that the production is finished and the machines and constructions have to be delivered to the customers this year. Because of the corona crisis the transport capacities are extremely low and well known “fast lanes” in sea transport are not active anymore.
To get transport capacities is difficult these days. Besides the shortage of capacities, the existing capacities are expensive.

Electronic sourcing of transports using eFrexx can be an alternative. The shipper opens a RFQ in his portal, invites potential transport providers, the best price is found in a reverse auction in eFrexx and the shipper selects the best provider. So the transport costs can be reduced essentially.