Future of Shipping in Asia: China and Singapore’s Coping Mechanisms in Supply Chain
摘要
In the contemporary world of twenty-first century, globalisation and trade have become crucial factors to facilitate growth of economies and cooperation between different stakeholders. Following the rise of Asia, the region has begun to prosper and progress in terms of supply chain resiliency and operations. Notably, some of the busiest ports in Asia are in China and Singapore. In this paper, a case study of both countries will be conducted to understand how coping mechanisms can be used to mitigate challenges faced by Asian countries, particularly freight and logistics management. Over the years, China has developed with incredible speed to become an emerging global economic powerhouse and holds a significant wealth of supplies. As a small state lacking natural resources, Singapore has managed to redefine its hinterlands and build a reputation of being an internationally recognised financial hub. The movement of cargoes is especially important in critical times, such as during the COVID-19 pandemic and even a series of natural disasters witnessed in 2022 like earthquakes, floods and wildfires. These circumstances have impelled observers to speculate and deliberate about how best to tackle problems that may be out of man’s control. Moreover, the paper will attempt to provide some insights into Asia’s shipping industry and how it promotes countries’ reputation in the international arena to foster positive relations with other key actors.