China Cosco Shipping Holdings, the country’s largest ocean carrier, has prioritised resilience as it rolls out an emergency response system to cope with rising geopolitical conflicts, infrastructure bottlenecks and climate-related disruptions.
The company is launching fresh capacity and new trade routes as part of the plan, as it looks to ensure its supply chains can withstand a mix of potential shocks, according to chairman Wan Min.
“We believe that true resilience is not merely restricted to a single route,” he said at the North Bund Summit, a shipping industry conference, in Shanghai on Tuesday.