Analyzing the evolution of concentration within containerized transport chains through a circuitist approach: The role of innovations in accelerating the circuits of liner and container terminal operators
“…In other words, firms in concentrated markets and with greater market power are, amongst others, more competent to finance R&D activities and appropriate the returns and hence have better incentives to innovate [70]. While innovations are also triggered by garage tinkerers and public funding [71], Styliadis and Chlomoudis [13] suggest that firms in concentrated markets have a greater capacity to diffuse the surplus value appropriated and to develop novel innovations which further decrease the turnover time of their capital circuit by either increasing its velocity or its scale and intensity.…”
Section: Research Frameworkmentioning
confidence: 99%
“…More than 60 years since McLean's innovation, the containerized transport market has little resemblance to what started off as a niche market. Exploration of innovation possibilities to further enhance operational performance, reduce costs and minimize commodities "fallow time" have led to leapfrogs in efficiency and increased speeds of commodity circulation, enabling in turn the exponential growth of the container trade [13]. After all, effective utilization of technological capabilities has been related to a firm's capacity to develop and sustain a competitive advantage [14], as well as to an increase its market share [15].…”
Increasingly, in many industries, companies commercialize their technology and innovations through patenting to gain an edge over competition. Within the maritime sector, while literature on innovation is expanding, issues related to the importance of intangible assets, such as patenting, for the participant firms of the industry remain unaddressed. Utilizing innovational frameworks and patent data withdrawn from European Patent Organization’s (EPO’s) database, the aim of this paper is to investigate the innovative level, in terms of patents granted, of incumbent market actors in liner shipping. Apart from patent counts, this exercise sheds light on the areas to which these patents apply, providing a classification while also investigating additional attributes which relate to patent citations, investors and applicants. Although results indicate a varying degree of utilization of the patenting system amongst liner carriers, they nonetheless affirm to some extent that knowledge creation is a valuable tool in the arsenal of some liner carriers, and that patenting is one of the various means utilized to enhance their market position and achieve a sustained competitive advantage. In addition, findings suggest that liner carriers’ innovative efforts have, based on the forward citations received, some significance, while they focus primarily the development of patented technologies which enhance the operational efficiency of their vessels. In this respect, the investigation undertaken sheds some light and provides a novel perspective on understanding the behaviour and innovative propensity of liner shipping companies.
“…In other words, firms in concentrated markets and with greater market power are, amongst others, more competent to finance R&D activities and appropriate the returns and hence have better incentives to innovate [70]. While innovations are also triggered by garage tinkerers and public funding [71], Styliadis and Chlomoudis [13] suggest that firms in concentrated markets have a greater capacity to diffuse the surplus value appropriated and to develop novel innovations which further decrease the turnover time of their capital circuit by either increasing its velocity or its scale and intensity.…”
Section: Research Frameworkmentioning
confidence: 99%
“…More than 60 years since McLean's innovation, the containerized transport market has little resemblance to what started off as a niche market. Exploration of innovation possibilities to further enhance operational performance, reduce costs and minimize commodities "fallow time" have led to leapfrogs in efficiency and increased speeds of commodity circulation, enabling in turn the exponential growth of the container trade [13]. After all, effective utilization of technological capabilities has been related to a firm's capacity to develop and sustain a competitive advantage [14], as well as to an increase its market share [15].…”
Increasingly, in many industries, companies commercialize their technology and innovations through patenting to gain an edge over competition. Within the maritime sector, while literature on innovation is expanding, issues related to the importance of intangible assets, such as patenting, for the participant firms of the industry remain unaddressed. Utilizing innovational frameworks and patent data withdrawn from European Patent Organization’s (EPO’s) database, the aim of this paper is to investigate the innovative level, in terms of patents granted, of incumbent market actors in liner shipping. Apart from patent counts, this exercise sheds light on the areas to which these patents apply, providing a classification while also investigating additional attributes which relate to patent citations, investors and applicants. Although results indicate a varying degree of utilization of the patenting system amongst liner carriers, they nonetheless affirm to some extent that knowledge creation is a valuable tool in the arsenal of some liner carriers, and that patenting is one of the various means utilized to enhance their market position and achieve a sustained competitive advantage. In addition, findings suggest that liner carriers’ innovative efforts have, based on the forward citations received, some significance, while they focus primarily the development of patented technologies which enhance the operational efficiency of their vessels. In this respect, the investigation undertaken sheds some light and provides a novel perspective on understanding the behaviour and innovative propensity of liner shipping companies.
“…It is known that Amazon has also obtained a patent for a similar product (product distribution warehouses floating in the sky) (Baron, 2018). Compared to the conversion of containerships to floating warehouses (Styliadis & Chlomoudis, 2021), floating warehouses in the sky can be considered quite interesting and innovative. According to Baron (2018), the cost savings of floating warehouses in the sky to Amazon are $887 billion (Baron, 2018).…”
Product delivery by drone has become a topic of increasing interest in the academic community. The aim of this study is to provide information about the authors who conducted the studies, the countries where the studies were conducted, the years of the studies, the methodology of the studies, the theoretical background of the studies, and the variables used in the studies by making a bibliometric analysis of 30 studies, which were selected based on certain criteria, including the subject of product delivery by drone. For this purpose, a bibliometric analysis of 30 selected studies was carried out using VOSviewer software. According to the results obtained, Jinsoo Hwang is the one who has done the most work on product delivery by drone. Most studies were conducted in South Korea. Looking at the years in which the studies were carried out, it was seen that the subject of delivery by drone was studied more and more each year. Accordingly, interest in drone delivery is increasing day by day. The questionnaire method was used in all of the studies. The most technology acceptance model was used in the studies. The most used variables are intention, attitude, risk, and innovativeness, respectively. It is expected that these results will provide researchers with foresight.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.