The impact of adding the Northern sea route to the Belt and Road Initiative for Europe: A chain cost approach

Pruyn, Jeroen; Hassel, Edwin van

doi:10.1016/j.trip.2022.100659

Cited by 4 publications

(1 citation statement)

References 57 publications

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“…This dynamic process has not only facilitated economic growth, but also forged lasting bonds between the various parties involved. Throughout history, numerous initiatives have been undertaken to exploit the possibilities presented by these trade routes [1][2][3][4]. In this context, the New Silk Road has also emerged as a transformative force, offering immense opportunities for the European automotive supply chains.…”

Section: Introductionmentioning

confidence: 99%

The Importance of the New Silk Road in the Hungarian Automotive Supply Chain

Pató,

Heizler,

Herczeg

et al. 2023

Sustainability

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The connection between Europe and Asia has always been important for the flow of materials and intellectual goods. Hungary is in an important position in Central Europe to connect different key ports and logistics hubs. Therefore, this article aims to analyse the opportunities and impacts of the New Silk Road initiative on the supply chain and transportation network in Hungary. This result showed that the existence of the New Silk Road gives huge opportunities for different supply-chain-related activities and initiatives, especially for the Hungarian automotive industry. Specifically, the New Silk Road has the potential to enable the advantages and positive impact of rail transport activities in Hungarian automotive supply chains by providing a long-term competitive solution as an alternative to maritime transport while mitigating several related risks and increasing the domestic supply chain’s resilience. Consequentially, the New Silk Road initiative may affect the supply chains and transportation route networks of several European and Asian nations, including Hungary.

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Section: Introductionmentioning

confidence: 99%