SWOT ANALYSIS- vo nguyen thuan anhh.pptx

SWOT ANALYSIS

1. SWOT ANALYSIS OF THE PORT OF BUSAN

2. STRENGTHS Fixed investment; A large number of logistic enterprises; Time of use; Location ; Availability of rail-road infrastructure; The region as an adding value cluster; Price competitiveness; Well qualified staff availability .

3. WEAKNESSES • No water connections to the hinterland; • Large movement between the sub-ports . Centralization of transportation in busan port ( some local ports should be developed to save inland transportation cost) Centralization of inland transportation (no waterway available) Not enough Container Yard in and out of busan port

4. OPPORTUNITIES Increasing participation in the international handling of goods in the Southeast Asian region; Increasing exports of Korean companies; Development of tourism in Busan; Development of Asia – Europe railway connection; Consistent development of the northern port and the new port; Further weakening of the position of Japanese ports Recognize the importance of port logistics and support logistics industry Systematic and comprehensive road construction plans are underway

5. THREATENS Growing strength of Chinese ports; Another financial crisis; Possible conflicts between local and regional authorities; Need to maintain balance between the development of the port and the environment . Increasing labor cost in port logistics industry Delay of construction projects due to environmental problems Conflict between central government and local government

6. S olutions Railway is not a perfect solutions for port logistics Airport and seaport should be linked for a better system Logistics center contains rest areas and top-notched system like RFID as well as Road and Railway construction Long-term plan can save a huge amount of money such as buying Land and compensation for residents etc. Pre-planned transportation plan based on precise survey Aggressive investment on infrastructure