Hong Kong International Airport (HKIA), the world-class airport and the air cargo center for Asia is expanding into a three-runway system. The airport’s existing two-runway system is likely to reach full capacity by the next couple of years, highlighting the pressing need to expand as soon as possible, authorities said. The construction of HKIA’s three-runway system is expected to take eight years to be completed.Jack So Chak-kwong, Chairman of the Airport Authority Hong Kong (AA), underscored the importance of HKIA’s extensive flight network connecting many parts of the world. He stressed that the sooner the three-runway...

Oman recently released a blueprint for the logistics industry outlining its plans to improve the country’s soft infrastructure. The blueprint is also planning to invest in hard infrastructure like ports, rail lines and roads. The country is preparing to heavily capitalize on these groundwork as it sees to double the employment rate in its logistics sector by 2020.The investment is expected to improve both domestic and export cargo sectors which will likely open new opportunities and job vacancies within the country. By the end of the decade, Oman is eying to add more than 80, 000 logistics jobs to aid with the speedy development of the...

Australia and China has signed yet another agreement that would help develop and strengthen the trade relationship between the two regions. This is the second sister port agreement signed by both parties aimed at improving their economic and commercial links. Australia’s Port of Townsville and China’s Port of Qinzhou  agreed to sign a treaty citing that the new agreement is targeted to advance both the trade and investment opportunities of both countries.Treasurer Curtis Pitt said that it was an important step in their efforts to reinforce their economic and commercial bond with China. The new agreement is also expected to ...

Logistics is the thorough management of a multifaceted operation which involved a lot of individuals, services, facilities and/or supplies. It organizes the flow of products from the point of origin to the final point of conveyance. In order to meet the specific demands of clients, Logistics is integrated with a detailed and continuous information flow to minimize risks and maximize efficiency in every operation.While logistics involved the management of product shipment, transportation takes care of the efficient movement of merchandises and/or people via sea, air, and rail or road mode.Logistics and transportation have become fundamental on...

Reports show that E- commerce industry is driving growth opportunities in the logistics sector. Experts projected that by 2030, the e-commerce industry will boom to $300 billion, driving a massive logistical growth as key players within the business begin to associate e-commerce in their trades.E-commerce comes into two dimensions, business-to-business or more commonly known as B2B and business-to-consumer, otherwise known as B2C.B2B is a business model focused on selling products and services to other businesses while B2C is the direct process of business transaction between a company and the consumer.Both models have distinct advantages to ...

Newsletters can be an excellent way to communicate and share information about your company, the industry and the latest developments within your network. It can be another method of measuring analytics which allows you to identify which kind of data and communication people are most receptive to. In short, newsletters are great in helping you get your message across audiences, smooth and clear.X2 created the X2 corporate newsletters in order to construct multiple communication channels intended for members. We needed to provide a platform where we speak to the needs of our members. X2 wanted to build something that 100% benefits and promotes...

The global business industry is developing and countries are increasingly more adept in expanding their markets to service the ever-growing needs of the global consumers. Competition is rapid and economy is evolving, these are only few of the factors which drive globalization. Globalization indeed creates opportunities but it also poses challenges in the face of progress.Opportunities and ChallengesGlobalization has immensely changed the methods of business. It tremendously improved political and diplomatic relationships between countries, dismantling customs issues and global trade barriers across the globe. This has opened a universal commu...

The trucking industry is sending US unemployment rate down to 5.3 %, authorities claimed. According to the Bureau of Labor Statistics, the trucking industry has opened a great deal of opportunities to the community as it unwrapped more than 17,100 jobs in June.In a broad perspective, the increase showed that the U.S. economy added 223,000 jobs, improving the overall employment statistics in the country.Among the solid contributors were retailers which added more than 33, 000 jobs from May to June. The warehouse and storage industry also contributed firmly adding 2,800 jobs as of May forecast. The manufacturing industry’s growth added 4...

After months of freight congestion in the US West ports, the situation has considerably made a steady progress though some shippers remain struggling with trade intervals and lost business.The Congestion in the US west coast ports which started in 2014 and was carried over in 2015 had rippled through supply chains. According to officials, only ten percent of cargo sailings arrived on time.The freight traffic began in July 2014 and peaked in January and February during the subsequent year. This has affected supply chains immensely as it saw delays on freights and deliveries by sea. When a settlement was reached in Feb. 20 between the Inte...

China has been aggressively capitalizing on the developments of new infrastructure facilities for further product sourcing. In April 2015, Chinese President Xi Jinping visited Pakistan. According to a report in BBC, China is keen to invest twice the amount of all foreign direct investment the country has received since 2008. The solid proposal has made Pakistan officials optimistic on making the collaboration work.China will help Pakistan fund necessary infrastructure projects amounting to $46 Billion to open up a trade route linking China to the markets in Central Asia and South Asia.The foundation of the proposal is to develop the Karakoram...

Handling 13 million passengers, 2.4 million freight vehicles and £100 billion of UK/European trade, the port of Dover not only supports 22,000 jobs to the local community but also provides education engagement programs to logistics enthusiasts.Just this year, Dover has welcomed future logistics professionals from the University of Greenwich as part of its on-going partnership with the University’s MA in Logistics Transport and Supply Chain Management Consultancy programme.Mentored by the Port’s Business Development Manager Jason Ransley, the students were able to learn about how the organization keep the port of Dover and the...

Change is constant. It is inevitable and unstoppable. While social media provides an effective platform to generate, maintain and/or establish relationships, it is not surprising that more supply chain companies and organizations are switching to social media-influenced marketing.However, the most obvious threat for supply chain specialists willing to embrace these changes is convincing the entire supply chain industry that the benefits of socially approached supply chain operations balance off the negatives. To start with, socially applied supply chain process,Minimize risks and streamlines project maneuvers – In Supply Chain Industry...