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PROGNOSIS * Canada - Expensive oil to shorten supply chains: Top economist
Toronto,ONT,CAN -Today's Trucking, by Farrah Cole -5 March 2010: -- World-renowned economist Jeff Rubin says unless supply chains are willing to pay for triple-digit oil prices, they’d better start thinking closer to home... Speaking at a conference hosted by PricewaterhouseCoopers (PwC) to discuss the findings of its “Transportation and Logistics 2030” survey, Rubin said it’s likely companies will soon have to pay for the carbon footprint they leave behind... He said the price of energy will ultimately decide which modes of shipping will be used by supply chains in the future, but he disagrees with the PwC survey’s focus on only gas and diesel as possible fuel sources in the future. This is unlikely, Rubin believes, especially if price for a barrel of oil hits triple digits within the next two years as he predicts... Oil issues aside, the PWC survey on how supply chains will evolve in a low-carbon world predicts a significant decrease in exports once rising transportation and labor costs make locally produced products more attractive to consumers... The review also predicts the use of larger ships, airplanes, and trucks to make oil dollars go farther. These larger shipments and vessels will demand better dockside and intermodal facilities to accommodate the higher volume of shipments coming in...
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