The competitiveness of logistics industry in Hong Kong

Pao Yue-kong Library Electronic Theses Database

The competitiveness of logistics industry in Hong Kong

 

Author: Ng, Lap-hay Andrew
Title: The competitiveness of logistics industry in Hong Kong
Degree: M.Sc.
Year: 2003
Subject: Hong Kong Polytechnic University -- Dissertations
Business logistics -- China -- Hong Kong
Freight and freightage -- China -- Hong Kong
Department: Dept. of Shipping and Transport Logistics
Pages: iv, 89 leaves : ill. ; 30 cm
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b1749101
URI: http://theses.lib.polyu.edu.hk/handle/200/619
Abstract: The accession of Mainland China to the World Trade Organization (WTO) together with its creation of alternative port (sea and air) options and a developed inland infrastructure, Hong Kong is facing a potential threat to its centuries-old role as the trading and logistics hub of southern China. As China continues to liberalize trade and investment, direct access between the Mainland and rest of the world will increase, potentially bypassing Hong Kong. Under China's WTO commitments, more Chinese firms will be allowed to engage in direct external trade, distribution, and transportation services. At the same time, restrictions on foreign companies are being reduced or abolished. While Hong Kong logistics companies are also expected to benefit from such liberalization, they will face intensified competition from Mainland as well as foreign firms. In order to retain its position as the gateway and logistics hub of China, it will need to improve its position as an international and regional transportation and logistics hub. The importance of this need is recognized by Hong Kong Government that logistics is one of Hong Kong's strategic development objectives. Furthermore, logistics can foster development in other areas, spur economic growth and create jobs, especially under current economic recession and high unemployment rate. This study has identified that as Hong Kong offers very good business environment, its logistics industry still has competitive advantages even though the operation and production costs are higher than its counterparts in Mainland. However, to maintain its competitiveness in this dynamic era, Hong Kong has to upgrade it logistics and transportation infrastructure, regional cooperation with its counterparts in Pearl River Delta, establish standardized electronic platform and offer more assistance and support to the industry.

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