Key executives from the Government and the logistics industry are racing against the clock to redefine Hong Kong's transport role. For years, the SAR has been a conduit for trade. Now it wants to manage it.
But the target of becoming Asia's premier logistics hub keeps moving, in part because the definition of the supply chain and how it should be managed keeps evolving.
That was one of the messages laid out last week by speakers at two key conferences held in Hong Kong: Logistics Hubs and Outsourcing Centres - The New Functions of Asian Port Cities; and Container Shipping - Executive Summit III, organised by Lloyd's List.
Demand for transportation services has not been dictated by factory production cycles since multinational retailers realised the cost of stock depreciation and misguided capital allocation strategies.
Supply chain strategies now focus on responsiveness, flexibility and speed to market. In short, more orders, to more places, more often.
Consumer demand now kick-starts the supply chain process.
