Book
Port-Focal Logistics and Global Supply Chains
Ranging from the rapid increase in international trade and the adoption of containers in most cargo transportation in the 1950s, to the end of the Cold War in the early 1990s and, more recently, the downturn due to the global financial crisis in 2008, there are few doubts that the world’s economy has experienced fundamental changes in the past half century. Many of these changes not only were unprecedented and far-reaching, in both positive and negative ways, but also affected all walks of life. Being the arteries of the global economy and international trade, unsurprisingly, the shipping, port and logistics sectors continued to evolve and adapt to new challenges and phenomena. Initially, shipping, ports and logistical services were separate, and segregated, economic activities. Nowadays, along with the inevitable trend of globalization, they have evolved and increasingly combined into an integrated service profession – a process that has accelerated in the past decade. Being the nodal points, ports, which include seaports, airports, dry ports/inland terminals and other logistical centers, will play increasingly important roles in determining the success of global supply chains in both developed and developing economies.