Key issues being discussed
The long-term view of digitalization: Ecommerce is transforming how transactions and trades are done domestically and cross borders. Artificial intelligence, robotics, Big Data, 3D printing, the Internet of Things, communication technology, augmented reality and nano technologies are converging on the industry to create a supply chain model where everything
is digitized, connected, shared, personalized and directly available to all.
Adapting to the changing global trade landscape: The global trade landscape continues to be unpredictable and carries significant risks for near-term future of container shipping and handling. Although the industry can now look ahead with renewed optimism. However, there are still several risk factors which remain – rising trade protectionism and geopolitical tensions are the forefront of the global agenda - and possess the real ability to derail any shift in fortune for the industry.
OBOR: Not able to yet offer the economies of scale that container shipping can handle, the OBOR initiative will (and to some extent already starting to) offer serious competition to container shipping cheaply and quickly. Reducing the transport time to Europe, Africa and the Middle East will unlock commercial opportunities, but also creates new legal challenges for the maritime industry.
Major infrastructure investment in Asia and ME: There is an urgent need for modern and sustainable infrastructure across the world and although major projects are continually delayed due to lack of investment, Asia and the Middle East are the most attractive markets that could drive major infrastructure investment over the next decade. Ports and terminals must
expand, upgrade, modernize and maintain its transportation infrastructure to ease the intense pressure of handling the increasing size of vessel calling at its port.