Summary
Prof. Cheung is optimistic about the future of logistics industry in Hong Kong despite the challenges and competition it is facing.
In addition to the Hong Kong’s advantage of being a free port, its legal framework and efficient customs system and having a huge economic entity as its hinterland, the professor highlighted the unparalleled connectivity and flexibility of our logistic industry.
He shared the concern of many in the industry about the shortage of land, therefore the high cost, and the challenge of the shortage of workers. He also acknowledged the strong competition from other logistic ports in the region. However, he pointed out that our superb connectivity and flexibility cannot be easily overtaken and is a distinct advantage in logistics for high-value goods.Prof. Cheung also pointed out that Hong Kong is becoming a regional distribution center (RDC) and should look into the cooperation with other logistic centers in the PRD, combining the strengths of all.
The practical thing for the industry, he said, is to maintain a critical mass instead of striving to be the number one in the region. In doing so, government policy support to this pillar industry of Hong Kong is important.
Prof Cheung considers Lantau an ideal location for developing a regional logistic hub due to its relatively lower land cost and geographic advantages that will further enhance our unique strength of connectivity and flexibility.
PresentationSDA Dinner Talk
Date︰
27 November 2013
Speaker︰
Prof. Cheung Wai-man
Chairman, Department of Decision Sciences & Managerial Economics
Director, Asian Institute of Supply Chains and Logistics
The Chinese University of Hong Kong
Topic of speech︰
Logistics industry in Hong Kong : opportunities and challenges
Venue︰
Hong Kong University Alumni Association Clubhouse,
1/F, Yip Fung Building, 2 D’Aguilar Street, Hong Kong
