Subscribe to our free, weekly email newsletter!


Special European Report: A new direction in European Distribution

The European Union (EU) remains a $16 trillion economy: the world’s largest. This year, American exports to the EU are up 3.5 percent, in nominal dollar terms, over 2009.
By David Bovet, Partner at Norbridge, Inc.,
September 10, 2010

Why should U.S. companies focus on their distribution networks in Europe?

Headlines about Greek sovereign debt and German unhappiness at “rescuing” the euro could give pause to expansion strategies aimed at Transatlantic markets.

Yet the European Union (EU) remains a $16 trillion economy, the world’s largest. Many U.S. companies are seeking to further diversify their business globally, hedging bets and searching for new geographies. American exports to the EU are up 3.5 percent, in nominal dollar terms, this year (January-April) over 2009.

Meanwhile, despite a reversal in the past few months, the U.S. dollar is still down by 27 percent versus the euro since ATMs across Europe first started dispensing the new currency in January 2002. And Europeans remain among the wealthiest consumers in the world—six countries in Europe currently have higher nominal GDP per capita levels than the United States.

 

 

About the Author

David Bovet
Partner at Norbridge, Inc.,

David Bovet is a partner
at Norbridge, Inc., where
he leads the supply chain
consulting practice.


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The International Air Transport Association (IATA) announced August 2014 data for global air freight markets showing continued “robust”growth in air cargo volumes.

Even though some of its key metrics dropped sequentially from August to September, the outlook for manufacturing over all remains strong, according to the most recent edition of the Manufacturing Report on Business issued today by the Institute for Supply Management (ISM).

Company officials said that these planned changes, which will take effect on January 4, 2015, will provide for increases in current pay rates and reduce the time it takes for its nearly 15,000 drivers to reach top pay scale.

While the economy has seen more than its fair share of ups and downs in recent years, 2014 is different in that it could be the best year from an economic output perspective in the last several years. That outlook was offered up by Rosalyn Wilson, senior business analyst at Parsons, and author of the Council of Supply Chain Management Professionals (CSCMP) Annual State of Logistics Report at last week’s CSCMP Annual Conference in San Antonio.

Matching last week, the average price per gallon of diesel gasoline dropped 2.3 cents, bringing the average price per gallon to $3.755 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA