Event Details
Join us on October 22nd for our next AmCham HK Transportation and Logistics Committee meeting at the Community Hub.
The International Longshoremen's Association and the United States Maritime Alliance have reached a tentative agreement on wages, extending their existing contract until January 15th. This brings short-term stability to port operations after weeks of disruption. However, the logistics landscape remains dynamic, with ongoing shifts in the global container shipping industry. Major changes in shipping alliances are reshaping the maritime landscape, potentially leading to significant alterations in transportation patterns and costs. Additionally, the Red Sea crisis continues to pose uncertainty, affecting vessel routes and transit times. At our upcoming event, we'll explore these developments and their impact on international trade and logistics, providing insights into emerging trends, potential impacts on transportation costs, and strategies for navigating this evolving environment.
Connect with industry leaders and fellow committee members as we discuss the latest trends and challenges in transportation and logistics. Gain valuable insights, contribute to shaping the committee's agenda, and explore collaboration opportunities.
Join us on February 7th for the AmCham HK Transportation and Logistics Committee's first meeting of 2024 at the Community Hub.
The ongoing attacks in the Red Sea have forced carriers to reroute their vessels, resulting in longer transit times and skyrocketing operational & insurance costs. This situation is fluid, complicated and geopolitical with potential to drag on for many months to come. It has led to a significant drop in vessel crossings through the Suez Canal, which could create a situation similar to the Covid supply chain crunch for many retailers reliant on global supply chains.
To tackle this challenge, shippers/stakeholders should consider extending lead times to market, rerouting shipments where possible, utilizing multimodal transport, partnering with supply chain companies with extensive networks, and leveraging digital solutions for better visibility and decision-making.
Connect with industry leaders and fellow committee members as we discuss the latest trends and challenges in transportation and logistics. Gain valuable insights, contribute to shaping the committee's agenda, and explore collaboration opportunities.