Relational bonding strategies, customer satisfaction, and loyalty in the container shipping market

Gokcay Balci, Aylin Caliskan, Kum Fai Yuen

Research output: Contribution to journalArticle

Abstract

Purpose
In recent years, the business of container lines has faced severe challenges such as overcapacity and low profitability. To survive in such a competitive market, container lines need to maintain long-term customer relationships by enhancing the satisfaction and loyalty of customers. The purpose of this paper is to adopt a social exchange theory (SET) approach and investigate the impact of relational bonding strategies on the satisfaction and loyalty of customers in container shipping.

Design/methodology/approach
Drawing on SET, a theoretical model that specifies the relationships between relational bonding strategies, customer satisfaction and loyalty was proposed. Survey data were collected from 175 freight forwarders. The obtained data were analyzed using structural equation modelling.

Findings
The results indicate that financial bonding strategies have the most significant direct effects on customer satisfaction, while social bonding strategies have the strongest direct impact on customer loyalty. Financial bonding strategies, on the other hand, have the strongest total effects on customer loyalty. Intermodal and basic operations are found to have the equal total effects on customer loyalty.

Research limitations/implications
By identifying the most effective relational bonding strategies for enhancing customer satisfaction and loyalty, this study’s findings allow container lines to better allocate their resources and implement effective relational marketing policies to satisfy and retain their customers.

Originality/value
This research analyses and validates the determinants of customer satisfaction and loyalty from a relational lens and empirically contributes to the field of relational marketing in the container shipping industry.
Original languageEnglish
Pages (from-to)816-838
Number of pages23
JournalInternational Journal of Physical Distribution and Logistics Management
Volume49
Issue number8
DOIs
Publication statusPublished - 16 Oct 2019

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Customer satisfaction
shipping
Freight transportation
loyalty
Containers
customer
market
Marketing
exchange theory
Container shipping
Customer loyalty
Lenses
Industry
Profitability
marketing policy
profitability
Container
marketing
determinants

Cite this

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abstract = "PurposeIn recent years, the business of container lines has faced severe challenges such as overcapacity and low profitability. To survive in such a competitive market, container lines need to maintain long-term customer relationships by enhancing the satisfaction and loyalty of customers. The purpose of this paper is to adopt a social exchange theory (SET) approach and investigate the impact of relational bonding strategies on the satisfaction and loyalty of customers in container shipping.Design/methodology/approachDrawing on SET, a theoretical model that specifies the relationships between relational bonding strategies, customer satisfaction and loyalty was proposed. Survey data were collected from 175 freight forwarders. The obtained data were analyzed using structural equation modelling.FindingsThe results indicate that financial bonding strategies have the most significant direct effects on customer satisfaction, while social bonding strategies have the strongest direct impact on customer loyalty. Financial bonding strategies, on the other hand, have the strongest total effects on customer loyalty. Intermodal and basic operations are found to have the equal total effects on customer loyalty.Research limitations/implicationsBy identifying the most effective relational bonding strategies for enhancing customer satisfaction and loyalty, this study’s findings allow container lines to better allocate their resources and implement effective relational marketing policies to satisfy and retain their customers.Originality/valueThis research analyses and validates the determinants of customer satisfaction and loyalty from a relational lens and empirically contributes to the field of relational marketing in the container shipping industry.",
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Relational bonding strategies, customer satisfaction, and loyalty in the container shipping market. / Balci, Gokcay; Caliskan, Aylin; Yuen, Kum Fai.

In: International Journal of Physical Distribution and Logistics Management, Vol. 49, No. 8, 16.10.2019, p. 816-838.

Research output: Contribution to journalArticle

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