Logistics Flagship Event Successfully Concludes

 The annual flagship occasion within the logistics, maritime, aviation and provide chain trade, the Asian Logistics, Maritime and Aviation Convention (ALMAC) 2023, collectively organised by the Authorities of the Hong Kong Particular Administrative Area (HKSAR) and the Hong Kong Commerce Improvement Council (HKTDC), concluded efficiently after two fruitful days. This yr, close to 80 specialists and trade leaders in transport, air transport, logistics and provide chains participated in 20 thematic boards, sharing insights on sizzling subjects within the trade. The convention attracted over 2,000 contributors from 36 international locations and areas, offering a platform for discussing trade developments and exploring enterprise alternatives.

The Asian Logistics, Maritime and Aviation Convention (ALMAC) 2023, collectively organised by the Authorities of the Hong Kong Particular Administrative Area (HKSAR) and the Hong Kong Commerce Improvement Council (HKTDC), concluded efficiently right now, attracting over 2,000 bodily contributors from 36 international locations and areas

Digital future: shaping the brand new panorama of provide chains

This yr’s convention theme was Future-proofing Provide Chains: Diversification. Decarbonisation. Digitalisation. Business giants led discussions on the challenges and potential of world provide chains, in addition to how corporations may successfully drive enterprise development and promote sustainable improvement by means of provide chain transformation and innovation within the present financial surroundings. Digital transformation emerged because the optimum technique to consolidate Hong Kong’s place as a logistics hub and to optimise provide chains for enterprises.

Gladis Araujo, Former World Provide Chain Technique Vice President of at Mattel Inc and Enterprise Associate & Chief Provide Chain Officer at Prodensa Group famous that the pandemic has introduced challenges and alternatives in addition to expertise progress and visibility. “The one option to transfer ahead is to innovate and to take enterprise to the subsequent degree. It’s important to work on making a resilient and agile provide chain, wherein we’ve got a really aggressive benefit in our enterprise, the place the inspiration is ESG and sustainability. And utilizing expertise as an enabler, or as a instrument to make this factor occur, in an ecosystem that must be human-centred, wherein I see that the brand new function of the sport is collaboration.”

The street to zero carbon: constructing inexperienced provide chains

World company improvement has irreversibly launched into a decarbonisation path. Business representatives delved into the impression of impending carbon taxes and different environmental, social and company governance (ESG) measures, in addition to how the 3D method – decarbonisation, digitalisation and decentralisation – may carry companies sustained improvement alternatives.  David Benattar, Sustainability Lead, The Warehouse Group Restricted, expressed his view that the primary problem was to create a tradition of sustainability. Transformation might be one of many greatest challenges and the alternatives that would absolutely transition organisations. “The environment friendly option to create a tradition was to do issues that contact you very private. Take into consideration what sort of actions will end result once more in that mindset of sustainability transformation. It’s a piece that you must do day-after-day, like going to the gymnasium and even constructing a muscle that it’s essential to construct within the organisation.”

David Benattar, Sustainability Lead, The Warehouse Group Restricted (left)

Diversified logistics improvement fosters regional connectivity

With the Regional Complete Financial Partnership (RCEP) coming into full impact in June, coupled with collaborations similar to railway transportation and multimodal connectivity within the Guangdong-Hong Kong-Macao Larger Bay Space (GBA), regional interconnectivity has been strengthened, enabling the logistics trade to diversify its improvement and mitigate dangers.

Thomas Kowitzki, Vice President, World Head of China Rail at DHL World Forwarding, stated the Belt and Highway Initiative had reworked logistics chains between Asia and Europe. In the course of the pandemic years, rail freight was the only viable resolution. The Center Hall (by means of Turkey) had potential. It was not a matter of a quick, versatile different. “It is extra about connecting in addition to the Central Asian international locations. You see the push from China in the direction of Central Asia and the Center Hall routing is addressing its markets.”

Logtech Salon showcases modern purposes of logistics expertise

Throughout ALMAC, near 100 exhibitors showcased cutting-edge logistics and provide chain options from internationally. The inaugural Logtech Salon displayed robots, AI and knowledge programs tailor-made for the trade, permitting contributors to discover developments and purposes within the discipline of innovation and expertise.

This yr, three workshops debuted, specializing in ESG, E-commerce and Youth Empowerment giving trade professionals from completely different sectors the most recent and most sensible info.