Event Details
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.
