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Shoring Up Hong Kong's Port
Hong Kong is among the world's most important ports, with $150 billion in goods flowing in and out annually. Although it has long served as a crucial link between the manufacturers of greater China and the consumers of the developed world, its dominance is rapidly being eroded by Yantian and Shekou/Chiwan. These ports, in southern China's Pearl River Delta, across the border from Hong Kong, are attracting the world’s shippers with lower costs and improved service.
The take-away: To turn the tide back in Hong Kong's favor, the government should first remove the transportation and policy barriers that make it difficult and expensive for shippers to move goods into the port.
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© 1992-2003 McKinsey & Company, Inc
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