Feb 17, 2012 (LBO) – Sri Lanka’s plans to become a logistics hub stand to gain from the shift in Asian manufacturing from China to countries like Vietnam that could yield more cargo for ports like Colombo, a logistics expert said. “Logistics is like an orchestra in which the container terminal operator plays a key role,”
The present global economic crisis will help complete the full integration of global maritime logistics with the global supply chain, he said.
“We need to create a global logistics orchestra fit for purpose.”
The port authority will be the key play that will get different players and services linked to the port together and act as co-ordinator in future, he said.
The movement of cargo in future will have to become more like holiday travel by tourists, with smooth transits between different nodes in the supply chain and guaranteed delivery times.
“People take holidays; cargo takes logistics.” Kieran Ring, chief executive of the Global Institute of Logistics, USA, said that global cargo flows would still grow despite the economic crisis as growing numbers of people, especially in Asia, become more affluent.
Products are also becoming more affordable, catering to consumers with lowe