Port strategy and performance: empirical evidence from major container ports and implications for role of data analytics
Maritime Policy and Management
; 50(5):608-628, 2023.
Article
in English
| ProQuest Central | ID: covidwho-20244587
ABSTRACT
Container ports operate in more challenging and volatile environments at present times. Events such as US-China trade tensions and the COVID-19 pandemic severely affect numerous container ports at various levels. Strategies pursued by container ports are key to port development and management amidst these challenges. Drawing on configuration theory, this research employs Fuzzy-set Qualitative Comparative Analysis to investigate the relation between port strategies and container throughput. The research contributes to the literature by proposing an approach to account for complexity of the port sector and offers insights into strategies adopted by major container ports. The research further identifies 10 port strategies and proposed indicators that can represent the essence of these strategies. Being able to represent strategies in a quantitative format is important for strategy analysis and performance evaluation. Results reveal that major container ports employ a combination of strategies which address both the supply and demand-side aspects of the port business. Growing digitalization and digitization coupled with advancements in information capture, diagnostics capabilities and predictive abilities means a greater role for data analytics to influence container port strategy and performance. Implications for port managers, policy makers and researchers from the perspective of port policy and management are proposed.
Transportation--Ships And Shipping; Container port; port strategy; configuration theory; fuzzy-set qualitative comparative analysis; data analytics; Pandemics; Comparative analysis; Data analysis; Qualitative analysis; Containers; Supply & demand; COVID-19; Performance evaluation; Policy making; Container ports; Empirical analysis; Fuzzy sets; Research; Digitization; Supply and demand
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Type of study:
Experimental Studies
/
Prognostic study
/
Qualitative research
Language:
English
Journal:
Maritime Policy and Management
Year:
2023
Document Type:
Article
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