Container terminals in South-east Asia may need to invest up to $13bn to keep pace with expected coronavirus-driven supply chain diversification from China.
According to Eleanor Hadland, senior analyst, ports and terminals at Drewry, in addition to the country’s rising costs and the trade war with the US, the pandemic is going to be yet another “push factor” reducing China-centric procurement models.
“Major Chinese and international manufacturers have been increasingly seeking alternative …
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Source: The Loadstar