Editor's note: According to Steffen Schiottz-Christensen, managing director of Maersk Logistics (China) Ltd, by 2008, China will account for more than 10 per cent of global trade. China's logistics market is already the third largest worldwide in terms of spending.
But the country also has inefficient goods distribution and transportation, especially compared to countries such as Singapore, Germany, and France. Generally, logistics costs are disproportionately high in Asia. Therefore, the competitive advantages to be gained by reaching international benchmarks for costs are substantial. In 2000, total amount spent on logistics costs in China was 20 per cent of the GDP value. In 2004, it had increased to 21.6 per cent. In the United States, the cost hovers around 10 per cent ......
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