Hong Kong Economic and Trade Office, New York
Hong Kong

Global supply chain post-COVID-19


May 14, 2020 – Amid the COVID-19 pandemic outbreak, Hong Kong maintained its global connectivity with the airport, port and two control points with Mainland China remaining open, ensuring the continued flow in trade in the global supply chain, said Director of HKETONY Joanne Chu at a webinar today, organised by the Hong Kong Association of New York (HKANY).

Ms Chu said with the situation stabilizing, Hong Kong has started relaxing social distancing measures, with people returning to their workplaces and partial reopening of institutions such as public libraries and museums. In addition to the introduction of various economic measures and relief packages to support the different sectors of the economy, including the logistics and aviation sectors, the Hong Kong SAR Government has been working on enhancing the city’s competitiveness in the long-term. She highlighted the building of a premium logistic center and the third runway at Hong Kong International Airport, slated for completion in 2023 and 2024, respectively. The government is also supporting R&D and their applications that will enhance supply chain productivity.

Sharing his insight on post-COVID-19 global supply chain, Professor Yossi Sheffi of MIT Center for Transportation & Logistics said there will be random flare-ups and shutdowns at random times and regions during the global economic recovery and reopening process. While companies may look at keeping larger inventories of critical supplies, he said “just-in-time” policies in supply chain management would remain unchanged. While it is unlikely for corporations to reshore their manufacturing totally, they will look at rebalancing their supply source. He added that with companies focusing on survival, sustainability may take a back seat in the post-COVID-19 landscape.

Director, New York at Hong Kong Trade Development Council (HKTDC) Anna Fan said that although the outbreak had an impact on Hong Kong’s international trade, local Hong Kong companies have also thrived by introducing new services and apps in logistics, e-marketplace and healthcare. The HKTDC continues to support businesses and trade with its Marketplace App, online resource and O2O platform. President of HKANY Donald Moore moderated the webinar session.

The webinar session can be viewed here:

Webinar on Global Supply Chains

The webinar summary and the powerpoint deck of HKTDC are also available:



    
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