Maybe you could speak a bit to it, then.
As I understand it, this system was created some two decades ago. It was an initiative of the Ministry of Transport of the People's Republic of China. It was initially only available to PRC ports, had users in those ports, and since then, it has spread globally. Apparently there are half a million users of the system. Two dozen ports outside of the PRC are linked into it now, and 50% of global container traffic now travels via the data logistics of that system.
Some have suggested that this is a huge issue. I'm wondering if you could comment on how much of a risk that system is, and whether or not there needs to be an alternative to that system, seeing how the pandemic supply chain disruptions demonstrated how vulnerable we are if we rely on a single point of failure.
