The U.S. East and Gulf coasts can expect to be significantly served by a pair of transshipment hubs – ideally in Cuba and Canada’s province of Nova Scotia – a leading port industry economist said today.
Hitting a proverbial grand slam with more than 500 participants, SMC3 has once again provided ample opportunity for supply chain executives and technology providers to learn the latest about the logistics industry and, of course, to mix and mingle.
“It was the Law of the Sea, they said. Civilization ends at the waterline. Beyond that, we all enter the food chain, and not always on top.”
Hunter S. Thompson, Generation of Swine: Tales of Shame and Degradation in the ‘80s.
Port of Oakland executive director Chris Lytle said in his “State of the Port” address that “we are on a roll” as the Port racked up 2.37 million twenty foot containers in 2016, a 4% increase from 2015.
On 22nd of December, 2016, Maersk, arguably the world’s largest ocean containership carrier (the argument coming from similar-sized 2M alliance partner MSC [Mediterranean Shipping Company]), began offering Chinese shippers the option of using Alibaba’s (arguably the world’s largest retail commerce company in gross revenue terms) OneTouch system. This move could well be as revolutionary as Malcom McLean’s launch of the containership industry just over sixty years ago.
With 2016 properly packed away with the ribbons and glitter of the holidays, it’s time to face 2017, where new world leaders, political volatility and Mother Nature’s influence all promise to play influential roles. While the outlook for Emerging Market Economies (EME) going into 2017 is stable, uncertainty is on the increase with challenges stemming from the strong U.S. dollar and prospects for higher interest rates in advanced markets.