TY - JOUR
T1 - Northern sea route as an emerging option for global transport networks: a policy perspective
AU - Karamperidis, Stavros
AU - Valantasis-Kanellos, Nikolaos
PY - 2022/5/30
Y1 - 2022/5/30
N2 - The Northern Sea Route (NSR) is an emerging alternative route to the Suez Canal; however, inconclusive research exists on its benefits and viability. This paper uses a two-stage Delphi approach to collect qualitative data from experts, on what actions Nordic countries (Nordic countries are Denmark, Norway, Sweden, Finland, and Iceland, as well as the Faroe Islands, Greenland, and Åland (Nordic Co-operation, 2020)) can undertake to prepare themselves to enter NSR and capture potential benefits deriving from trading in global transport networks. By conceptually developing a framework based on first-mover advantage (FMA) and dynamic capabilities theory (DCT), this paper empirically identifies a path to develop capabilities that could allow stakeholders to reduce logistics costs through collaborations in NSR. Our paper has made a twofold contribution, first to literature by linking FMA/DCT in a single framework and elaborating it in a global transportation and logistics context. Second, a practical contribution by identifying how countries along the NSR, and specifically Nordic countries, can capture and maximise its benefits by using the right policy framework.
AB - The Northern Sea Route (NSR) is an emerging alternative route to the Suez Canal; however, inconclusive research exists on its benefits and viability. This paper uses a two-stage Delphi approach to collect qualitative data from experts, on what actions Nordic countries (Nordic countries are Denmark, Norway, Sweden, Finland, and Iceland, as well as the Faroe Islands, Greenland, and Åland (Nordic Co-operation, 2020)) can undertake to prepare themselves to enter NSR and capture potential benefits deriving from trading in global transport networks. By conceptually developing a framework based on first-mover advantage (FMA) and dynamic capabilities theory (DCT), this paper empirically identifies a path to develop capabilities that could allow stakeholders to reduce logistics costs through collaborations in NSR. Our paper has made a twofold contribution, first to literature by linking FMA/DCT in a single framework and elaborating it in a global transportation and logistics context. Second, a practical contribution by identifying how countries along the NSR, and specifically Nordic countries, can capture and maximise its benefits by using the right policy framework.
UR - https://pearl.plymouth.ac.uk/context/pbs-research/article/1231/viewcontent/NSR_20for_20Global_20Transport_20_MANUSCRIPT_.pdf
U2 - 10.1007/s13437-022-00273-3
DO - 10.1007/s13437-022-00273-3
M3 - Article
SN - 1651-436X
VL - 0
JO - WMU Journal of Maritime Affairs
JF - WMU Journal of Maritime Affairs
IS - 0
ER -