The results of our latest Barometer Report show that unscheduled downtime is on the rise. In comparison to last year’s report, which revealed that just under 80% of respondents were struggling to get to grips with the issue, this year’s Barometer reveals that, alarmingly, over 90% are now suffering.
The majority of respondents in this year’s report estimated that unscheduled downtime costs their facility at least £100,000 per year. We suspect that this sum may be just the tip of the iceberg – the relationship between unscheduled downtime and revenue extends further than just the direct costs of the terminal or berth not being in operation. The less tangible cost to ports in damaged relationships with shipping lines and other stakeholders should not be underestimated.
The fact that traffic flows and vessel sizes coming through ports are steadily increasing makes it essential that ports look to update their infrastructure in order to keep pace with change. However, many may be struggling to upgrade their facilities quickly enough, which can exacerbate the issue of unscheduled downtime. Inadequate infrastructure means more incidents, more downtime and lost revenue.
This begs the question: why are so many failing to address the issue? I’d like to get your thoughts in the Comments Section.
The full results of Trelleborg’s latest Barometer Report, which details a wide range of findings from the industry survey, is available now as a free download from: http://www.trelleborg.com/en/Marine-Systems/Home/