Challenge of the logistics hub in North-east Asia - Introduction, Recent Trends in Global Logistics
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Challenge of the logistice hub in North-east Asia
11992903 김재진
12032319 박수아
12032378 장혜미
Challenge of the logistics hub in North-east Asia
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Contents
Introduction
Recent Trends in Global Logistics
Korea’s logistics
Case of logistics hub - Hong Kong
Changes Required for Building a Successful Logistics Hub
Concluding Remarks
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Background and introduction
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The world economy has been growing consistently and also Korea is making a great contribution to the growth of world economy with its export-oriented economic development. The efficiency of business logistics becoming an important new source for competitive firms which are with global markets and multiple source of production and supplies.
What is logistics hub?
What is logistics hub?
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A Northeast Asian logistics
hub means a Northeast Asian center (headquarters) or a Northeast Asian gateway
for global logistics.
The more the world economy grows, the more important role logistics plays in business. These days, market performance relies on product quality, price and supply and all of them are directly affected by performance of the logistics system. In order to provide flexible and efficient logistics services for dealing with high volumes of freight traffic, firms tend to build logistics networks of ‘Hub and Spoke’ system with large logistics centers. These logistics centers can provide various logistics services to a specific customer or product.
The Netherlands and Singapore can be singled out as the most successful countries in
becoming regional logistics and distribution hubs. Despite the fact that they are small and
resource poor countries, they have achieved high economic growth largely by becoming trade
and logistics hubs in their respective regions.
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