However, more recently there is more evidence that the local region of the port isn’t gaining as much benefits as the national or even international region. This is discussed in (Bencacchio, Heralambides, Ferrari and Musso’s 2000) paper on the economic impact of ports. where they use a territorial cost-benefit analysis to look into the changes of a port’s production function. The economic impact of ports is compared with the costs suffered by the local economies. This analysis is a good measurement because unlike most other studies it outlines the benefits but also takes into consideration the costs that result from these benefits.
4) Low efficiency: Indian ports have low efficiency in cargo handling due to lack of proper equipment in port areas. 9. 5) Lack of extension possibilities: Due to lack of infrastructure there is minimum space available for extending ports and harbour areas. Also the paucity of funds adds to the problem. 10.
Readily constructed warehouses like the newly constructed one at the shipyard in Banjul should be leased or rented out. There should also be the choice of users building storage facilities if they want to. But whatever the case is, the structures should be of acceptable standards. Normal Operations at the port and at the distribution centre need cargo handling gears capable of handling the expected traffic. Some specialised equipment such as bagging machines or unloading installations to cope with high volume imports.
Bargaining Power Of suppliers The bargaining power of suppliers is including you and the one who are involve in this business. Suppliers can suppress the profitability of the industries to which they sell by raising prices or reducing the quality of the components they provide. There are a lot of factors that have an impact on the ability of suppliers to exert pressure on buyers. Firstly, suppliers concentration which mean they are only a few suppliers that supply a critical product to a large number of buyers. The supplier also had advantages.
Bargaining Power of Suppliers: • There are incalculable administration suppliers to the organization. The organization has an old involvement in selecting, choosing and persuading the suppliers. • The suppliers are left with less decision as no other organization is right now into the offering of center ecotourism administrations. • Hence the haggling force of the suppliers is low. Bargaining Power of Customers: • The clients are to be presented with center tourism administrations.
However, entering a foreign market often presents difficulties. It is influenced by a number of factors, among which can be economic, social, cultural and environmental. To achieve its goals, a company must make sure that the chosen strategy allows fully exploiting
1.0 Introduction Maritime become important contributor to world trade and enhance our economy as more than 90% of world trade are go through by sea. Seaports of every country are always busy and fast moving is required to increase the efficiency and effectiveness of port operation and management. Workplace in maritime industry is tougher and higher risk compared with other related industry. Employee always exposed to challenging task every day and night. Besides, employee also need to face with all type of weather and try their hard to load or unloading cargo and any other activities.
Five Forces Analysis assumes that there are five important forces that determine competitive power in a business situation. These are namely supplier power, buyer power, competitive rivalry, threat of substitution, and threat from new entry. Supplier assesses how easy it is for suppliers to drive up prices. This is driven by the number of suppliers of each key input, the uniqueness of their product or service, their strength and control over the firm and the cost of switching from one to another. Buyer power assesses how easy it is for buyers to drive prices down.
The presence of many players in a given market further results in decreased profitability, a situation that makes it necessary that the existing players strategize to block new entrants into the market. The other force is the economies of product differences such as customer loyalty, brand equity, capital requirements, and access to distribution. Third is the threat of substitute products or services outside the dominion of the common product boundaries, which increases the predilection of clients to switch to other choices. Customers' bargaining power is the other market force that businesses should strategize for since changes in customers' purchasing power could place extra pressure on firms (Porter, 1998). Similarly, suppliers of labor, raw materials, components, and expertise services also have a bargaining power, which has a lot of competitive
Maritime transport is essential to the world’s economy as over 90% of the world’s trade is carried by sea. It is one of the most effective ways to transport mass goods and raw materials around the world. However, port authorities and port operators all over the world are constantly faced with security issues when they are transporting goods. One of the main reasons why port and shipping activities are difficult to secure lies primarily in their topography. Ports are extensive, with day to night hustle and bustle.