Trade among Asia nations may transform global supply chain

According to Bronson Hsieh, Chairman of Evergreen Marine Corporation, this emerging market will be the focal point of container shipping industry in the future

By ·

While U.S. shippers have yet to measure Intra-Asia trade will have their sourcing strategies, one prominent ocean liner executive maintains that it will be significant.

According to Bronson Hsieh, Chairman of Evergreen Marine Corporation, this emerging market will be the focal point of container shipping industry in the future.??

“Our company anticipates that the intra-Asia market will continue to benefit from further liberalization of regional trade and the recovery of global economy,” he said. “With such growth potential, we believe the intra-Asia trade will continue to grow and its market size will be able to keep pace with the Trans-Pacific trade and the Far East - Europe trade.”

Bronson Hsieh is also a Vice Group Chairman of Taiwan’s Evergreen Group.

?Speaking at an industry conference in Taiwan, he added that despite the recovery of consumer demand in the U.S. and Europe, the growth of imports from Asia this year can offset the impact of financial storm and return to the pre-crisis levels.

Nari Viswanathan, vice president of research for the Aberdeen Group, made a similar observation:

“The so-called ‘emerging markets’ may come to dominate trade as they build relationships in the future.”

Speaking at the 2010 Supply Chain Council Executive Summit in Houston last week, Viswanathan noted that a variety of reasons will drive this trend, including energy savings.
Hsieh said that the expansion of China’s domestic market was key.

“Intra-Asia trade was able to reduce the impact of an economic recession,” he said. “So, in contrast to the severe decline in most trade lanes, the intra-Asia market was able to maintain a high degree of stability throughout the global financial storm.”


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

China · Container · Green · Imports · Shipping · Supply Chain · Trade · All Topics
Latest Whitepaper
Finding Agility in your Workforce: Are you prepared to meet the next market shift?
Logistics companies need every advantage available to them to be a vendor of choice and remain competitive
Download Today!
From the April 2017 Issue
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management market, and in marked contrast to 2016, paints a rosier outlook for career placement and advancement.
Is Your Tractor Trailer Yard a Black Hole?
Information Management: Wearables come in for a refit
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Maximize Your LTL Driver Adherence with Real-time Feedback
This webinar shows how companies are using real-time performance data to optimize the scheduling of their city fleets, as well as the routing of their standard, accelerated and time-critical shipments.
Register Today!
EDITORS' PICKS
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...

ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...