To get to where you’re going, you must know where you are. That’s where the Shipping Benchmark Initiative can help. Your participation in one or more of the six SBI benchmark surveys will give you the data-driven insights you need to get ahead in the volatile world of global shipping.
SBI’s holistic approach provides the data and insights you need to thrive in the new millennium.
Since 2009, BCG’s Shipping Benchmarking Initiative has been running 6 distinct benchmarks covering the most important aspects of the shipping business. Providing the most comprehensive and reliable benchmarks in the shipping industry, SBI is an important resource for any shipping executive.
Whether you are looking to attain cost leadership, improve commercial performance, or develop a digital strategy, SBI can help you unlock the information you need to chart the right course.
A 26-factor benchmark helps you assess your vessels’ cost-competitiveness in today’s market.
In shipping, as in most businesses, the best team usually wins. This benchmark measures the overall efficiency of your organization compared to your peers based on cost, price, and service.
For many fleet managers, a major share of profitability is set before the ship leaves port. Without a clear idea of how your fuel cost compares to your peers’, you cannot know where you stand.
Fleet mileage matters. This key metric says a lot about route profitability, vessel condition, and more.
The routes get the attention but a lot of profit is won or lost at the terminal.
The customer is concerned about the all-in costs, so you need to know if you’re paying the right rate for your land transport, whether that’s for the last mile or the last 500 miles.
For every benchmarking survey you sign up for, you receive customized reports and data. (View output examples.):
As a participant, you receive detailed analyses and clear graphic displays of your competitive position. You get company and vessel comparison on costs, segmented by size, type, age, trade, and more. Moreover, you receive in-depth analysis of the major underlying performance drivers, comparisons between your vessels’ performance and those of your competition, and a quality and sustainability analysis compared to your fleet’s cost level.
SBI uses advanced digital technology to offer not just personalized reports but the tools to access the underlying data that goes into the reports. An easy-to-navigate interface allows your analysts to examine the data and conduct further analyses on their own.
A structured face-to-face review of your key findings is designed to spark a provocative discussion with your management team. SBI analysts will also offer a number of insight-driven best practices and suggestions for cost-savings.
Interactive dashboards built on Tableau and Alteryx include analyses on industry trends, cost developments, and more. They give you a user-friendly window into your business and help you decide whether you are doing the right thing with respect to day-to-day operations or longer-term investments.