Question: Are you expecting more public or private projects in 2021?
Samuel Holmes: “Investors are uncertain with Covid-19 and the decline in oil prices. Therefore, expect more government-funded projects to help boost the global economy. There will of course be some private projects – especially in renewables and mining. For oil and gas projects, I don’t expect major activities for 2021.”
2020 has been a watershed year for the industry. The Breakbulk Editorial Advisory Board share their thoughts on a range of topics and where we go from here as the new year dawns.
Cover Story Introduction and Meet our Editorial Advisory Board Participants
Dharmendra Gangrade: “Governments of many countries across the world have come forward with strong stimulus packages (estimated at US$17 trillion to US$18 trillion) to fight back recessions which will surely support growth.”
Margaret Vaughan: “China will be leading the way on public projects. The virus has stretched the budgets of most governments so the majority of projects in 2021 are going to be privately funded.”
“The breakbulk and project cargo industry is underserved by sector-specific digitalization tools.”
“The industry is flexible enough to adapt to the post-Covid operating environment.”
“Achieving sustainability targets is less important in the current climate.”
“The breakbulk and project cargo industry is not taking enough responsibility for the climate.”
“Remote working in the breakbulk and project cargo industry is not maintainable long term.”
What is the outlook for projects in 2021 and what are the challenges on the horizon?
Will geopolitics play a greater or lesser role on project cargo trade in 2021?
Are you expecting more public or private projects in 2021?
Is the industry delivering on diversity objectives?