Journals Information
Universal Journal of Management Vol. 3(4), pp. 148 - 152
DOI: 10.13189/ujm.2015.030402
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Development and Formation of Shipping Networks in the Contemporary Shipping Environment
Yui Yip Lau *
Division of Business, Hong Kong Community College, The Hong Kong Polytechnic University, Hong Kong, China
ABSTRACT
A shipping network is a form of collaboration in the shipping industry where players such as carriers, intermodal service providers, container management service providers, and container terminal operators share resources and assets to develop mutually beneficial strategies and seek operational performance gains. Because of the globalization and the intensified competition in the 21st century, we suggest that the firms apply the concept of agility responding to change in proper ways and due time as well as exploiting changes and taking advantage of them as opportunities in the dynamic business environment. On the basis, we illustrate the key elements are desirable for the development and operation of horizontal and vertical shipping networks to leverage their inherent resources and enhance their capabilities respectively. Theoretical and practical implications of our research findings on the shipping networks development are also discussed in this study.
KEYWORDS
Horizontal Shipping Networks, Vertical Shipping Networks, Agility, Resources, Capabilities
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Yui Yip Lau , "Development and Formation of Shipping Networks in the Contemporary Shipping Environment," Universal Journal of Management, Vol. 3, No. 4, pp. 148 - 152, 2015. DOI: 10.13189/ujm.2015.030402.
(b). APA Format:
Yui Yip Lau (2015). Development and Formation of Shipping Networks in the Contemporary Shipping Environment. Universal Journal of Management, 3(4), 148 - 152. DOI: 10.13189/ujm.2015.030402.