Definite signs of trade recovery
During the last five weeks, we at Westports have seen a recovery of the volumes and at the end of March 2009, we were able to handle 355,000 TEUs per month.
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Alternatively, it could be due to inventory corrections where prudent managers everywhere cancelled all orders only to realise that their inventories are depleted. As such, between April and June, we will begin to notice that the world would not only reinstate their inventory levels, but also increase their orders simply because life must go on.
....
When we look at each of the regions specifically and identify opportunities, it is not all gloom and doom.
The main media and world leaders are happy to project the world as one that is in a crisis, worse than the Great Depression, or the post Second World War.
However, we grew out of both in great style.
In the last 50 years, the technology and development experienced in the world is far superior to what was achieved in the past 2,000 years before that. As such, let’s all talk about plans and strategies and how we can all help in the recovery.
The earlier we work on recovery from the current financial meltdown rather than rhetoric, the earlier we will get out of this gloom.
The signs of recovery are there. What we need now is confidence which is more valuable than gold today.
·Tan Sri G. Gnanalingam is executive chairman of Westports Malaysia
http://biz.thestar.com.my/news/story.asp?file=/2009/4/11/business/3658478&sec=business
....
Alternatively, it could be due to inventory corrections where prudent managers everywhere cancelled all orders only to realise that their inventories are depleted. As such, between April and June, we will begin to notice that the world would not only reinstate their inventory levels, but also increase their orders simply because life must go on.
....
When we look at each of the regions specifically and identify opportunities, it is not all gloom and doom.
The main media and world leaders are happy to project the world as one that is in a crisis, worse than the Great Depression, or the post Second World War.
However, we grew out of both in great style.
In the last 50 years, the technology and development experienced in the world is far superior to what was achieved in the past 2,000 years before that. As such, let’s all talk about plans and strategies and how we can all help in the recovery.
The earlier we work on recovery from the current financial meltdown rather than rhetoric, the earlier we will get out of this gloom.
The signs of recovery are there. What we need now is confidence which is more valuable than gold today.
·Tan Sri G. Gnanalingam is executive chairman of Westports Malaysia
http://biz.thestar.com.my/news/story.asp?file=/2009/4/11/business/3658478&sec=business
