Global Bulk Liquid Shipping Outlook For 2024

Like most Industries right now, bulk liquid shipping has gone through a lot of different events and changes over the last few years. In 2024, what does the outlook look like for bulk liquid shipping companies around the world?

Impact Of Global Events On Bulk Liquid Shipping

Even though we are now in 2024, the impact of the pandemic is still being felt across a huge number of industries, especially the bulk liquid shipping industries. During the pandemic with the pile up of goods that were not able to be shipped, this has a huge impact on the demand for goods and flexibag storage. This was compounded by difficulties in the economy, leading to reduced demand for a wide range of different products.

Now though how much we are starting to see an upswing in demand, as the industry recovers. Some experts are saying that the industry will grow from $60.58 billion in 2023 to $65.3 billion in 2024. This growth is being attributed to several different factors, including regulatory changes, global trade expansion, changes in energy consumption, and more.

There have been changes in the way that flexitank reservoir transport has been affected by global events. For example, thanks to the war between the Ukraine and Russia, companies are making the move to avoid importing Russian oil and other bulk liquid products in flexibagsfor sale.  Instead, they are aiming to import oil from areas such as India and Saudi Arabia.

Because of this, this means that tonnage will possibly increase for shipping. Because of the increase here,that has been improvements in bulk liquid shipping technology, such as a development of flexibag technology.

Current Trends In Bulk Liquid Shipping

In 2024 we are going to see an increase in several different trends in bulk liquid shipping. These include the following:

Improving supply chains: Thanks to the COVID pandemic, several different weaknesses in the supply chain were made apparent. Because of this, bolt liquid shipping companies have had to rethink how they move goods through the supply chain, and create risk management strategies.

For example, they would look at how they source their products, and come up with alternative solutions if they’re current one is not suitable. Also, they would look at diversifying their suppliers, so if one was not able to supply goods they would not be fully affected by this.

Sustainable practices: Making businesses sustainable isn’t a new trend, but it is one that is carrying on into 2024. Liquid shipping companies, like so many other industries, are looking to ensure they are becoming more sustainable.

This is why you are seeing so many companies making the move to flexibags for sale. Alongside their other benefits, they do tend to be the most sustainable option for shipping bulk liquid. That’s thanks to a drastically reduced need for cleaning and transport of tanks that are empty, as well as a much reduced need for packaging before shipping.

Improved digital working: This is another trend that came up thanks to the pandemic, and one that the bulk liquid shipping industry is still working on adopting. With so many staff being forced to work remotely in 2020, the industry has had to quickly handle moving a lot of the workload they do online.

This is alongside the increase of AI being used in managing aspects of business. Bulk liquid shipping companies are now looking at how they I can be used to automate aspects of their work.

Increasing online security: This is a trend that goes hand in hand with the above points, with companies now having to improve their cybersecurity, thanks to the move of so much work being done online. You will see many shipping companies investing much more in cybersecurity, to protect their business.

Tech Developments In Bulk Liquid Shipping

In the bulk liquid shipping industry right now, there is a real shift in the technology being used. As companies are facing new challenges, including having to use more prolonged routes and other issues, that means new tech and solutions need to be made.

One of the most important changes in recent years is the creation of the flexitank reservoir. These are very different to current tank technology, and they have ensured that bulk liquid shipping companies can rise to all of the challenges being posed to them right now.

One of the biggest advantages of using a flexibag for shipping over other tanks is the facts that they will save companies a large amount of money in the process. For example, they are usable for a wide array of different bulk liquids, and do not need a lot of packaging to be shipped safely. As well as this, flexibags for sale only need a couple of people utmost to handle and fill them before being shipped.

On top of a lot of other benefits, you can see why so many companies are making the switch to using a

flexitank reservoir for shipping, over more traditional tank styles. The trend of using these tanks will

increase over 2024, and many more companies will start to adopt the flexibag as their go-to bulk liquid shipping tank.

There are lots of changes and trends that are going to shake up the bulk liquid shipping company throughout 2024. If you are aware of the trends and able to take advantage of them, it will allow your bulk liquid shipping company to get ahead.