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 - LM Editorial

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 Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

MaxLite has donated more than $300,000 in products to Habitat for Humanity since 2013.

Expanded headquarters, new hires enhance local support in key markets.

Second acquisition in recent months to enhance real-time performance management and predictive asset analytics software and solutions.

$3.45 billion-dollar deal includes 4,500 employees across the world.

Robot orders up 35% in units and 22% in dollars over same period in 2013; both automotive and non-automotive post double-digit gains.

Article Topics

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

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers 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. Contact Patrick Burnson

Comments

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