b'22American Journal ofTransportation ajot.com(CHANGINGcontinuedclass continues to grow, said10 Million TEU Clubfrom page 21) Chao. Companies are going10 Million TEU Clubover the past two years haveto make more things in China RankPort Nation 2019 TEUs2020 TEUs2021 TEUsreverberatedfarandwide,for the Chinese market.RankPort Nation 2019 TEUs2020 TEUs2021 TEUs1Shanghai China 43,303,00043,500,00047,030,000from boardrooms to loadingAt the same time, manu- 1Shanghai China 43,303,00043,500,00047,030,000docks,storefrontstoback- facturinginChinaisalso22SingaporeSingapore 37,196,00036,870,00037,500,000Singapore Singapore 37,196,000 36,870,000 37,500,000rooms, factory floors to legis- movingsteadilyupmarket3Ningbo-Zhoushan China 27,535,00028,720,00031,080,0003Ningbo-Zhoushan China 27,535,00028,720,00031,080,000lative chambers. Around theaslaborcostsincreaseand4ShenzhenChina 25,769,00026,548,00028,760,0004ShenzhenChina 25,769,00026,548,00028,760,000globe,businessesaregrap- manufacturers,engineers,and5GuangzhouChina 22,223,00023,170,00024,180,000plingwithwhattodowithworkersallgainsophistica- 5GuangzhouChina 22,223,00023,170,00024,180,0006Qingdao China 21,012,00022,010,00023,710,000asupplychainsystemthattionandexpertise.Overall6Qingdao China 21,012,00022,010,00023,710,0007Busan Korea 21,992,00022,700,00022,700,000proved far more vulnerable toexport volume may contract,7Busan Korea 21,992,00022,700,00022,700,000widespreaddisruptionsthanbut value could well expand. 8Tianjin China 17,301,00018,350,00020,270,000previously thought.And, then there are political8Tianjin China 17,301,00018,350,00020,270,0009Hong Kong China/SAR 18,303,00017,960,00017,772,000910Hong Kong China/SAR 18,303,00017,960,00017,772,000Usually, one company orconsiderations,specificallyRotterdam Netherlands 14,811,00014,349,00014,800,000one geographic region has dis- thecontentiousrelationship1011Rotterdam Ali)Netherlands 14,111,00014,153,33313,700,000Dubai (Port of JebelUAE 14,811,000 14,349,000 14,800,000ruption,andwerecover.ThebetweentheUSandChina.1112 Dubai (Port of Jebel Ali)UAE13,580,000 13,244,41413,700,000Port Kelang Malaysia 14,111,000 14,153,333 13,700,000rest of the system can handleMany expected President Biden13Xiamen China 11,000,00011,410,00012,050,00012Port Kelang Malaysia 13,580,00013,244,41413,700,000it, explained Joe Dunlap, whotoslashpunitivetariffsthat14Antwerp Belgium 11,860,00012,014,18011,800,000leads the supply chain consul- TrumpslappedonChinese13Xiamen China 11,000,00011,410,00012,050,000tancy practice at CBRE, Butgoods beginning in 2018; he15Tanjung Pelepas Malaysia 9,100,0009,800,00011,200,00014Antwerp Belgium 11,860,00012,014,18011,800,00016Los Angeles USA 9,337,6329,213,39510,700,000when the pandemic hit, every- hasnt. Trade continues to be15Tanjung Pelepas Malaysia 9,100,0009,800,00011,200,000body, globally, was completelyweaponized. Sources: Port Authorities, Terminal Operators, Investor Presentations, Press Reportsshut down. AstheInflationReduc- 16Los Angeles USA 9,337,6329,213,39510,700,000tion Act demonstrates, certainSources: Port Authorities, Terminal Operators, Investor Presentations, Press Reportsusc hinAt rAde technologiescanbeespe- conductors,orindividuals ourced iVersiFicAtion :this concern. Vietnam is the d ynAMic ciallyvulnerabletopoliticalcompanies,suchasChinesec hinA+ 1orA siA+1 biggest beneficiary, although US-China trade is at thepressures.Thesecantargettelecommunicationsequip- Sourcediversificationis(CHANGINGcontinued forefrontofthatunpredict- specific items, such as semi- ment giant Huawei. the most obvious result of allon page 25)ability.UScompaniesare sayinggettingeverything fromChina,Igotcaught withmypantsdownduring COVID, and I dont want that to happen again, said Stan-ley Chao, managing director of All In Consulting and the author of Selling to China. TheyresayingIwant shorter supply chains. I want local supply chains. Im will-ingtopaymoremoney,so when that emergency occurs, I can at least get products. I may only produce 10% now in the US.But when, when Im in trouble, I can increase capacity from 10% to 30%.Even China skeptics con- Sustainabilitycedethatwholesalechange wontcomeovernight. DespitetheincreasinglyIs Our Businessharshrhetoric,US-China trade data, for example, con-tinuestoshowsomecon-sistency.USimportsfrom China in the first half of 2022 actually rose 2% from a year earlier,whileUSexportsto China decreased by 10%.Just how the global supply chainwillbereordered,and what role China will play in it, are also subject to various interpretations.Sometenets, however,aregainingwide-spread appeal. These include morediversityofsourcing, less emphasis on just-in-time. Near-sourcingandregional supplychainsaregaining ground. Cheapest isnt neces-sarily the be-all and end-all. Cruzputsitthisway: Theres a shift in focus from a pure cost-centric mindset to onethatbalancescostwith factors like resilience, respon-siveness, responsibility. Food Waste MitigationThere are changes in Chi- Sustainable Reefer Low GWP Through Leading EdgeBamboo Container nasowneconomytocon- Technology Refrigerants Technologies Flooringsider as well, as it moves from anexport-drivenmodelto one that is focused on its ownIts not just the boxincreasingly affluent, domes- its our approach to offering sustainable fleet solutions bundledSeaCubetic market. If you look at thewith leading edge technology that makes the difference. C O N T A I N E R L E A S I N Gaggregatemanufacturingin ChinaoverthenextfivetoVisit www.seacubecontainers.com to learn more. seacubecontainers.comten years is actually going to get bigger as Chinas middle BSYA-SeaCube Sustainability AJOC 8x10.indd 1 3/30/22 11:20 PM'