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
Partnering for Supply Chain Success with FRAM Group and True Value
Disruptive forces such as new technology, changing regulations, talent shortages, and infrastructure bottlenecks continue to be the prime focus for supply chain executives and managers.
Download Today!
From the March 2017 Issue
WMS vendors are stepping up to the plate and developing functionalities and solutions that meet the complex needs of today’s companies. Our top analysts take a peek into these developments and discuss the DC of the future and the software that will support it.
5 Supply Chain Trends Happening Now
2017 Warehouse/DC Equipment Survey: Investment up as service pressures rise
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Trucking Regulations & Infrastructure Update
In this session our panel brings shippers up to date on the state of transportation regulations. Discussion will revolve around regulatory reform, aspects of the federal highway bill and what the transportation landscape looks like in the early days of the Trump administration.
Register Today!
EDITORS' PICKS
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...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...