Subscribe to our free, weekly email newsletter!


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 Patrick Burnson, Executive Editor
October 20, 2010

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

image
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 .(JavaScript must be enabled to view this email address).


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!

Recent Entries

With congestion issues and seaport gridlocks plaguing the transportation industry, air freight volumes are back on the rise. According to JLL’s annual Airport Outlook Report, global air cargo saw a 4.5 percent annual increase in 2014 and the forecast calls for 5 percent growth in 2015.

With a 3.1 cent increase, this week’s average price is $2.811, following last week’s 0.26 cent boost. The gains over the last two weeks come on the heels of a cumulative 16.3 cent decrease over the previous five weeks.

Transportation and logistics bellwether UPS began 2015 in solid fashion with first quarter revenue up 1.4 percent at $14.0 billion and operating profit up 11 percent at $1.7 billion. Earnings per share were up 14 percent at $1.12, which exceeded Wall Street expectations of $1.09, while revenue was shy of the Street’s $14.27 billion estimate.

Last week, the United States Department of Transportation took further steps to address various issues identified in recent train accidents involving crude oil and ethanol shipped by rail. The announcement was made by DOT with other DOT agencies, including the Federal Railroad Administration (FRA) and the Pipeline and Hazardous Materials Safety Administration (PHMSA).

Logistics Management Group News Editor Jeff Berman had an opportunity to interview Derek Leathers, President and Chief Operating Officer of Werner Enterprises, at this month's NASSTRAC Shippers Conference and Transportation Expo in Orlando. They discussed various aspects of the truckload market, including prices, fuel, and regulations.

Article Topics

News · Supply Chain · Green · Container · Trade · Shipping · China · Imports · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA