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| Vol. 16 No. 18 | Monday
February 20, 2017 |
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| Groundbreaking President Zhao Huxiang |
When current FIATA President Zhao Huxiang was elected to his two-year post in 2015 he readied to assume command of the giant global organization as the 54th FIATA World Congress met in Chinese Taipei. Mr. Zhao, who hails from Beijing where he serves as Chairman of the giant, 50,000-employee strong SINOTRANS, is the first President of FIATA from Mainland China. Mr. Zhao moved to that exalted post during FIATA’s World Congress in Chinese Taipei, speaking volumes about the organization. It points to a dynamic FIATA moving boldly into change that continues to accelerate during the opening years of the 21st century. “Becoming FIATA President is a long process involving time and attention for several years, and is the result of CIFA’s enhanced cooperation at the international level, of which I am particularly proud,” Mr. Zhao said. “Being fully involved with the many projects and aspirations that my predecessors have initiated has been both challenging and rewarding. “We have a vast policy agenda and we are successfully working on it, and despite limited resources, we have the future of FIATA in our minds and our hearts,” Mr. Zhao said. The China Card Make no mistake about it, China is still the place everybody wants to be: it’s home to the world's second largest economy and is the world's number one exporter. Often, when there is talk about China’s logistics (in the west, at least), the conversation will center on international firms, including leading brand names like FedEx, UPS, DHL, and others. According to the latest figures available 18.6 percent (or $1.6 trillion annually), China accounts for the world's biggest logistics action, with growth of over 20 percent in just the past 4 years for a compounded annual growth rate of 6.69 percent. About SINOTRANS If you are not aware of Chairman Zhao’s SINOTRANS, you should be. The China state-owned company was founded in 1950. Headquartered in Beijing, People's Republic of China, it is the largest comprehensive logistics service supplier in China. As mentioned, with more than 50,000 employees and growth into every facet of logistics at home and around the world, SINOTRANS is a great example of why the Chinese logistics market is the biggest in the world. Not only is the market huge, but the infrastructure for supporting logistics companies is top notch. SINOTRANS includes air, land, and sea freight forwarding, shipping, storage, terminal, and supply chain operations, and a menu of services that match and even exceed those of its international competitors. In fact, according to Armstrong & Associates, a supply chain market research and consulting firm, SINOTRANS ranks among the top 10 third party logistics providers in the world. Perhaps more importantly, SINOTRANS is doing well despite the global economic downturn. Margins of SINOTRANS’ logistics sector continue to head straight up, with the net profit margin being 4.3 percent for 2015, an uptick from the previous margin of 3.3 percent.
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16 No. 17The Emirates Difference Takes Hold Chuckles for February 15, 2017 The Trump Effect: India Walks Softly, Carries A Big Stick |
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16 No. 18FIATA Talks World Trade 2017 Chuckles for February 21, 2017 Africa Is A Multinational Opportunity Delta Africa Begins Second Decade Africa Rising |
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Publisher-Geoffrey
Arend • Managing Editor-Flossie Arend • Film Editor-Ralph Arend • Special Assignments-Sabiha Arend, Emily Arend • Advertising Sales-Judy Miller |
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