Rising global trade tensions are putting pressure on oil demand, creating a complex landscape for energy markets and shippers. According to a report by Transport Topics (source), the combination of geopolitical uncertainty and OPEC+ production increases is exacerbating an impending oversupply, which could drive further market instability.
The International Energy Agency (IEA) has noted a weakening demand for oil, citing economic slowdowns and trade disputes as primary contributors. These factors have led to downgraded consumption forecasts, intensifying concerns over price volatility and market imbalances. As a result, businesses reliant on fuel-intensive operations are seeking cost-effective solutions to navigate these fluctuations.
PRIMO, a leader in third-party logistics (3PL), is helping shippers mitigate cost risks through strategic capacity consolidation and surcharge management. By optimizing supply chains and leveraging its extensive network, PRIMO enables businesses to maintain efficiency despite shifting economic conditions.
As trade uncertainties persist, shippers are increasingly turning to 3PL providers like PRIMO to ensure stability in their logistics operations. With expertise in managing volatile market conditions, PRIMO offers solutions that help companies safeguard their supply chains and control transportation costs in an unpredictable global economy.