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The Importance of the New Silk Road in the Hungarian Automotive Supply Chain

Author

Listed:
  • Beáta Sz. G. Pató

    (Faculty of Social Sciences, Eötvös Loránd University, 1053 Budapest, Hungary)

  • Gábor Heizler

    (University Library and Archives, University of Pannonia, 8200 Veszprém, Hungary)

  • Márk Herczeg

    (Doctoral School on Safety and Security Sciences, Óbuda University, 1034 Budapest, Hungary)

  • Gábor Bálint Pató

    (Faculty of Humanities, University of Pannonia, 8200 Veszprém, Hungary)

  • Al Fauzi Rahmat

    (Doctoral School of Economic and Regional Sciences, Hungarian University of Agriculture and Life Sciences (MATE), 2100 Gödöllő, Hungary)

  • Lóránt Dénes Dávid

    (Doctoral School of Economic and Regional Sciences, Hungarian University of Agriculture and Life Sciences (MATE), 2100 Gödöllő, Hungary
    Faculty of Economics and Business, John von Neumann University, 6000 Kecskemét, Hungary)

  • Imre Varga

    (Faculty of Social Sciences, Eötvös Loránd University, 1053 Budapest, Hungary)

  • Ágnes Csiszárik-Kocsir

    (Keleti Károly Faculty of Business and Management, Óbuda University, 1034 Budapest, Hungary)

Abstract

The connection between Europe and Asia has always been important for the flow of materials and intellectual goods. Hungary is in an important position in Central Europe to connect different key ports and logistics hubs. Therefore, this article aims to analyse the opportunities and impacts of the New Silk Road initiative on the supply chain and transportation network in Hungary. This result showed that the existence of the New Silk Road gives huge opportunities for different supply-chain-related activities and initiatives, especially for the Hungarian automotive industry. Specifically, the New Silk Road has the potential to enable the advantages and positive impact of rail transport activities in Hungarian automotive supply chains by providing a long-term competitive solution as an alternative to maritime transport while mitigating several related risks and increasing the domestic supply chain’s resilience. Consequentially, the New Silk Road initiative may affect the supply chains and transportation route networks of several European and Asian nations, including Hungary.

Suggested Citation

  • Beáta Sz. G. Pató & Gábor Heizler & Márk Herczeg & Gábor Bálint Pató & Al Fauzi Rahmat & Lóránt Dénes Dávid & Imre Varga & Ágnes Csiszárik-Kocsir, 2023. "The Importance of the New Silk Road in the Hungarian Automotive Supply Chain," Sustainability, MDPI, vol. 15(23), pages 1-14, November.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:23:p:16439-:d:1291236
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    References listed on IDEAS

    as
    1. Yuan Li & Kierstin Bolton & Theo Westphal, 2018. "The effect of the New Silk Road railways on aggregate trade volumes between China and Europe," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 16(3), pages 275-292, July.
    2. Ma, Shengnan, 2022. "Growth effects of economic integration: New evidence from the Belt and Road Initiative," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 753-767.
    3. Claudio Ferrari & Alessio Tei, 2020. "Effects of BRI strategy on Mediterranean shipping transport," Journal of Shipping and Trade, Springer, vol. 5(1), pages 1-18, December.
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