No abstract

No abstract

China is the world's second-largest economy after the United States with more than 60% of the value of its trade being transported by sea. Therefore, China looks for short, safe, and inexpensive trade routes (both land and maritime) to reach Europe, Africa, and the Middle East countries. In doing so, China has taken the One Belt-One-Road (OBOR) initiative intending to develop a cost-effective transportation network ensuring timely and secure delivery. The objective of the OBOR strategy is to enhance Pakistan's infrastructure through the construction of the China-Pakistan Economic Corridor (CPEC). Therefore, this chapter aims to examine the implications of CPEC trade routes in terms of cost and delivery between China and other regions (i.e., Saudi Arabia, Iraq, Angola, Oman, Kuwait, and the United Arab Emirates) via Gwadar Port, Pakistan. The results demonstrate a significant reduction in cost and delivery time via the CPEC route in comparison with traditional trade routes.

No abstract

Transit routes play a significant role in the transportation of goods and services in a supply chain. A short and safe transit route improves overall transport efficiency and environmental sustainability while reducing logistical costs. Since China's need of oil is increasing day by day, the logistics service providers (LSPs) continually seek a quick and safe transit route for faster demand response time with a low price. China Pakistan Economic Corridor (CPEC) is a new hope for LSPs for the supply of oil and other goods to China with a short and safe transit route. The traditional sea routes of oil supply are very long and time-consuming. However, through the development of CPEC, the results have shown a massive decline in route distance, delivery time, and cost that will help the LSPs with continuous supply with low costs and promoting environmental sustainability.