Question: Will geopolitics play a greater or lesser role on project cargo trade in 2021?
Samuel Holmes: “Geopolitics is always a major risk factor. Four potential issues that will drive the impact of geopolitics on the project cargo trade are: U.S. election – who is in the White House as the continuing trade war with China depends on U.S. election results; UK-EU relations; Mozambique’s insurgent crisis; and tensions in the Middle East.”
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
Johan-Paul Verschuure: “In a slow growth or even shrinking economic background, geopolitics is often a point of attention. In the current situation, this topic will be here to stay for the next few years.”
Dharmendra Gangrade: “U.S.-China trade ties are at all-time lows, and this started even before Covid-19 hit the world. Many major developed countries and global companies have announced or are exploring shifting or switching base from China to reduce their dependence on a rigid low-cost supply chain to build a resilient supply chain to ensure uninterrupted supplies.”
Ulrich Ulrichs: “The outcome of the U.S. elections, Brexit, Russia, China-related issues and general trade sanctions will have a bigger impact on project cargo trades than before.”
“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?