Shanghai, February 23, 2006-Mr. Henrik Anker Olesen, Transport & Logistics Leader of IBM Asia Pacific delivered an excellent speech titled "The Future Direction of Logistics and Shipping-and the Impact of China" at the CEIBS Executive Forum today.

Regarding the significant changes in shipping and logistics industry these years, Mr. Olesen shared with approximately 200 audiences the findings of IBM CEO Survey and points of view on the container shipping and the freight logistics industry. Analyzing the reasons of major industry consolidation's taking place and the drivers of change and the strategic rationales for these acquisitions, he expected the industry 10 years later "to be freer, more concentrated, and more focused on customer relationships". Mr. Olesen said, "China has fast become the world factory. There are both challenges and opportunities coexisting in China's logistics."

Mr. Olesen has an extraordinary track record within general management and the delivery of transformation. He has strong experience within programme management, mergers & acquisitions, cost cutting & restructuring, sales & business development, logistics & shipping, supply chain strategy, development and execution of business plans. Key engagements include A. P. Møller-Maersk, DHL, IBM, Hanjin, Citibank, H&M, Michelin, Reebok, Ikea, Target, Federated and SAP.