Transport & Logistics
Logistics must be efficient and effective. Thanks to its open economy and excellent logistics infrastructure, the Netherlands is one of the key transport hubs in Europe. The sector is slowly recovering after several bad years. At the same time, geopolitical tensions are resulting in major differences in each country or region. The expectation is therefore that, even if economic growth is sluggish, the logistics sector will at least remain the same size. International laws and regulations ensure harmonisation of rules, with the objective of making transport even more efficient. Borders are blurring or have disappeared. International trade transactions are shared in the cloud with the parties involved, and payments sometimes follow routes determined by tax considerations, which can involve a large number of countries.
Legislation and regulations
In the context of internationally applicable sanctions, conditions and restrictions are imposed on the trade in, transport of, financing of and insurance of certain goods. In some cases, military or nuclear goods or sophisticated technologies cannot be supplied to certain countries. The requirements imposed on the trade in such goods can have considerable impact on business. Non-compliance with these applicable sanction laws and regulations can have far-reaching consequences.
Research has shown that the economic crisis has led to lowered inhibitions, making it easier for persons and businesses to get involved in crime. It is a known fact that criminals make use of existing trade infrastructures to a large extent. As Rotterdam is the largest Western European port and Schiphol is the third-largest airport in Europe, the Netherlands therefore has a relatively large number of storage companies, transport companies, shippers and other specialists. Furthermore, Schiphol and the port of Rotterdam form part of what is known as the critical infrastructure: parts of our economy which cannot be missed and therefore have a high risk profile. Major risks exist, not only in the area of terrorism, but also in the areas of smuggling, the illegal drug trade and financial and economic crime. Nonavailability of these main ports or disruption of their activities would have major consequences for the economy.