‘Logistics sector needs to embrace new technology soon’ | Daily News


 

‘Logistics sector needs to embrace new technology soon’

Ajay Sharma, Regional Head of GTRF ASP,  Sharika Senanayake, Director of Sustainability, MAS,  Ruwan Waidyaratne, Managing Director of Hayleys Advantis  andotehr invites at the panel discussion.
Ajay Sharma, Regional Head of GTRF ASP, Sharika Senanayake, Director of Sustainability, MAS, Ruwan Waidyaratne, Managing Director of Hayleys Advantis andotehr invites at the panel discussion.

Sri Lanka Logistics sector will soon have to embrace new technology to keep pace with the global shipping and logistic trends said Managing Director of Hayleys Advantis Ltd Ruwan Waidyaratne.

He said so as a panelist at the Modernization, Digitization and Disruption of Supply Chain breakfast meeting hosted by HSBC yesterday at Shangri La Colombo.

He said that due to low cost of labour in Sri Lanka in comparison to some of the other (European) countries it’s still cheaper to work manually specially in the logistic sectors. “However Sri Lanka too has to change as the world is moving towards digitalization.”

He also said that the traditional warehousing complexes too would have to be technically upgraded in Sri Lanka. Globally Robots are used to load and cargo in warehouses and also modern methods (smart Picking) are used to select and identify cargo. If modern technology is not adopted the local logistic sector would be disrupted. Commenting on the shipping sector he was of the view that this segment too has to adopt technology. “The world would see technologically driven ships (minus sailors) in 10 to 15 years time and smart ships evens before that. “ Even today some ships and cargo on the sea are controlled by operation rooms in shore and Sri Lanka too should look at adopting technology in this segment as well.”

Meanwhile, Director of Environmental Sustainability, Sharika Senanayake, said that the apparel industry was embracing new technology as it was impossible to move without them globally. “The apparel industry globally operates with novel technology and we have no choice but to upgrade with technology.”

MAS also maintains scientific emission standards as this too is a global requirement. Regional Head of Global Trade and Receivables Finance HSBC, Ajay Sharma said that currently there is tremendous financial uncertainty due to Britexit, the Japan, Korea dispute, low trade of China, EU car exports issues and several other such issues. “These all have slowed down the global growth.”

He said that Asia is promising to be a major economic player and would also be a big supplier of goods to the European market. “The HSBC handles around 100 million paper work and with the adoption of new technology these will reduce.”

Chief Executive Officer Sri Lanka and Maldives, for HSBC, Mark Prothero said that HSBE set up in 1865 in Hong Kong was opened in 1892 in Ceylon and since then have been assisting in trade in Sri Lanka.


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