Hong Kong’s logistics trade must undertake extra good, digital expertise to thrive regardless of challenges and assist town retain its place as a premiere worldwide buying and selling centre, consultants mentioned forward of the annual Asian Logistics, Maritime and Aviation Conference (ALMAC) kicking off on November 21.

Hong Kong is a free port characterised by quick customs clearance, excessive effectivity and powerful worldwide connectivity, Legislative Council member Frankie Yick Chi-ming mentioned at a press occasion on Monday introducing the convention. “That is why cargo ships will berth in Hong Kong even if they know we are more expensive than other nearby ports,” he mentioned.

However, the logistics trade in Hong Kong faces excessive prices for each land and human assets, mentioned Yick, who represents the transport constituency. To preserve Hong Kong’s place as a world logistics hub, “we need to become more smart and digitalised”, he mentioned.

In an motion plan for logistics growth, to be revealed later this yr, the federal government will assist formulate methods and motion measures to grasp good growth, modernisation, sustainability and internationalisation “with a view to promoting high quality and development of the logistics industry”, Lee mentioned within the coverage deal with.

In the primary section, the federal government mentioned it is going to promote upgrades to seize advances in good logistics and develop an data platform, which can facilitate the interconnection of native logistics information to smoothe the move of products and data throughout the Greater Bay Area.

Hong Kong plans to arrange an information platform that can join key transport hubs, similar to town’s airport and industrial docks, to allow higher data move, with a minister saying “all essential data” will finally be shared every day with stakeholders throughout the border.

Hong Kong to set up logistics data platform connecting city’s transport hubs

With the federal government’s pledges to strengthen Hong Kong’s position as a world maritime centre and aviation hub, ALMAC, collectively organised by the Hong Kong Trade Development Council (HKTDC) and the federal government, will assist the trade “explore new opportunities and develop cooperation”, mentioned Patrick Lau, HKTDC’s deputy govt director.

The convention, with the theme of “Future-proofing supply chains: diversification, decarbonisation and digitalisation”, will deal with adopting methods to deal with world commerce modifications and uncertainties, promote carbon discount, facilitate sustainable growth and globally showcase Hong Kong’s benefits, the organisers mentioned.

“This is the first time for us to talk about the future of the supply chain in the post-pandemic era”, Lau mentioned. “We had expected the world would fully recover to what it was after Covid-19, but as economic uncertainties and geopolitical tensions emerged, it’s time to rethink the new landscape of logistics.”

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The convention, which might be held on November 21 and 22, is anticipated to attract about 2,000 trade gamers. Representatives from logistics corporations together with FedEx, DHL and UPS are on the audio system record.

Hong Kong’s Transport and Logistics Bureau issued a blueprint for logistics growth final week, saying that town wants environment friendly and cost-effective transport, in addition to sustainable cross-border e-commerce.

“If Hong Kong can incorporate the action plan with better strategies on digitalisation, its position as an international hub for maritime and aviation can maintain for many years in the foreseeable future,” Lau mentioned.