The Impacts of the GBA Across Industries (2)
- September 8, 2023
2nd Episode about Impacts across different industries:
1) Real Estate:
The rise of the Greater Bay Area has stimulated demand in the real estate market. Emerging commercial and residential areas within the region, such as the Hengqin New Area in Zhuhai and the Qianhai Area in Shenzhen, have garnered attention from developers and investors.
2) Healthcare and Life Sciences:
The Greater Bay Area is home to top-tier medical institutions and research organizations, attracting interest from healthcare and life sciences companies. Guangzhou’s biopharmaceutical industry and Hong Kong’s medical technology firms are expanding their businesses and driving innovative research within the Greater Bay Area.
3) Retail Industry:
Due to intense urban competition within the region and changing consumer behavior, the strategic appeal of the Greater Bay Area to the retail sector is relatively lower compared to other industries. Many international retail brands cautiously approach their expansion plans in the Greater Bay Area, placing greater emphasis on e-commerce and online sales channels.
4) Potential Development:
The rise of the Greater Bay Area has led to growth in industries including e-commerce, cross-border e-commerce, express delivery, cold chain logistics, pre-cooked food, aquatic products, and integrated logistics services.
Other News
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- Greater Bay Alliance
The long-awaited Shenzhen-Zhongshan Bridge has finally passed its completion inspection on June 16th. This infrastructure marvel, comprising an underwater tunnel through the Pearl Riverbed and a cross-sea highway bridge, will connect the two cities and slash their travel time to just 30 minutes.
The 15th LET - a CeMAT Asia Event was officially unveiled recently, held for three consecutive days (May 29-31) at the Guangzhou China Import & Export Fair Complex.
Asset partners comprise capital investors and real estate providers with financial resources and physical logistics properties such as warehouses, logistics centers, and distribution centers. Both parties are driven by achieving long-term stable returns and asset appreciation, but they may need more experience in operating logistics assets.
With the increasing demand for online shopping, the logistics industry faces significant challenges and opportunities. To meet the growing needs, logistics operators must invest substantial funds in acquiring new logistics equipment, such as automation, intelligence, and digitization, to enhance operational efficiency and service levels. However, such investments can be a significant burden for many logistics operators.