Consolidation
Consolidation in maritime context refers to the process of combining multiple smaller shipments into a single, larger shipment for transportation. This is done to optimize the use of cargo space and reduce transportation costs. Consolidation is commonly used in the shipping industry for goods that are not large enough to fill an entire container or for shipments that are destined for the same location. The consolidation process involves the collection of goods from multiple shippers, the sorting and grouping of these goods, and the loading of the consolidated shipment onto a single vessel. Consolidation can be done by a freight forwarder or a shipping line, and it is an important strategy for reducing transportation costs and improving supply chain efficiency.
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