Today, industries in Hong Kong are using technologies such as RFID and sensor networks and these are widely used in tracking the location and conditions of goods along efficient international supply chains.

Experts at the 10th GS1 Hong Kong Supply Chain Management Excellence Summit shared how the latest technologies can enhance their company's supply chain, making it more flexible, cost-effective and responsive.

Lau said Hong Kong must make it easy for traders to connect to the logistics networks and this process depends on factors such as business-to-government trade procedures, information communications technology infrastructure, and trade-related support services. Let's have a look at how Hong Kong fares in these areas.

Hong Kong has one of the most sophisticated and successful telecommunications infrastructure in the world, said Lau noting that it has about 100 per cent broadband coverage.