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Hk Logistics

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Submitted By sdutta9410
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Overview
Hong Kong’s free-port status, mature trading infrastructure and geographic location make it an ideal city from which to develop your logistics and supply chain management business. As trade with Mainland China and across the region continues to rise strongly, logistics providers with a strong business proposition will find a dynamic business community receptive to new technologies and services. The supply, storage and distribution of high-end products – including art and wine – is an area that is attracting particular attention.
Hong Kong is the largest community of shipping, freight forwarding and logistic providers in Asia. It is ranked 2nd in the World Bank’s Ranking on Logistics Performance of 2012. It has a strategic geographical location connecting half of the world’s population within 5hrs flight and sharing border with Guangdong Provinces of China. It holds world’s busiest international air cargo and also ranked third after Shanghai and Singapore among the top 10 global container ports in 2011, with 24.4 million TEUs' (20-foot equivalent units’) throughput.

It has a facility of round the clock border crossing and one stop customs clearance also extremely relaxed tax and regulatory services. Trading and logistics account 25.5% of GDP of value added in 2010.

Size and Type of Market

* Freight Forwarding Industry

Freight forwarding is a service used by companies that deal in international or multi-national import and export. It acts as an intermediary between the client and various transportation services. Sending products from one international destination to another can involve a multitude of carriers, requirements and legalities.
Hong Kong is the 10th largest merchandise trading entity and one of the world’s most trade oriented economies in the world.

Below table showing the total freight movements (Inward + Outward) in (million

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