The December edition of the Port of Hamburg magazine gives an overview of developments in Germany’s booming logistics sector which employs over 3 million people and accounted for EUR 258 billion in turnover in 2016. The sector now ranks as Germany’s third largest after the automotive industry and trade. Hamburg, not least thanks to its port, occupies a top position in the branch. In 2016, cargoes crossing the quay walls of the Port of Hamburg totalled 138.2 million tons. In Hamburg alone, around 5,700 logistics companies ensure the smooth transport of goods from A to B.
Potential of “Digital Hub Logistics”
The Port of Hamburg is the number one harbour and transshipment point for the entire Baltic Sea region. The large number of logistic companies shows the draw of the Hamburg Metropolitan Region for the economy. As a result, a number of projects are underway to exploit the location’s potential. The German Ministry of Economics and Technology (BMWi), Bitcom, Hamburg’s Ministry for Economics and the Logistik-Initiative Hamburg have launched the Digital Hub Logistics which will function as the main point of contact for start-ups, companies and research as well as investors to boost networking and innovations.
ITS World Congress and digital transformation
Shaping digital transformation is the biggest challenge facing Hamburg. Last November, Hamburg won a bid to host the Intelligent Transport Systems (ITS) World Congress in 2021. McKinsey consulting has also pointed to developments in big data. Innovations such as blockchains or the Internet of Things can provide impetus for the logistics sector. Experts at the Helmut Schmidt University are working on so-called exoskeletons, which will help staff with cumbersome and repetitive packing work.
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