China’s air cargo industry challenges

In the post global economic crisis era, China’s air cargo industry faces several macro-economic challenges as the government adjusts its economic development strategy, low cost labour becomes scarcer and environmental impacts become more significant, according to CEO of Globelink China Logistics Ltd. By Wong Joon San.

Speaking at the recent Transport Logistic China 2010 conference in Shanghai, Globelink CEO Solomon Cai, who spoke on the theme China’s Air Cargo Industry in Post Crisis Era, says in order to foster faster growth in science and technology, many supporting measures have been implemented in various provinces across the country.

“In so doing, the country’s economic growth pattern and in fact, the scientific and technological industry’s progress has changed drastically,” he said. “The country is also aggressively promoting low-carbon development and energy conservation, which will facilitate, as well as spur rapid economic growth inthe country,” he added.

Cultivating talent
To meet the challenge of shortage of skilled expertise needed for China’s development, the Chinese government has put cultivating talent as a key priority. The government has issued a Medium and Long-term Talent Development Plan, which sets a blueprint for creating a highly skilled national work force inthe next 10 years.

The manufacturing sector, for instance, is facing migrant worker shortage woes as the sector grapples with a shrinking pool of low-cost labour and increasing bargaining power of the existing workers.

Disruption at foreign manufacturers, including Japanese automakers and Taiwan electronics company Foxconn Technology Group, reflect pressure for higher pay in China, exacerbated by thisshrinking pool of low-cost labour.