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 · 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
David Bovet is a partner at Norbridge, Inc., wherehe 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!

Latest Whitepaper
eBook: Why Multi-Tier Supplier Collaboration is More Important Now
Explore the benefits of supplier collaboration including sharing demand forecasts, faster reactions to demand or capacity changes and well-coordinated product launches.
Download Today!
From the September 2017 Logistics Management Magazine Issue
While Amazon’s recent bid to purchase Whole Foods made mainstream headlines, the e-commerce giant will still need to adhere to time-tested realities. Any way you slice it, the integrated U.S. cold chain requires optimized service from existing ports, 3PLs, cold storage warehousing, transportation providers and high-value vendors.
Improving 3PL Management: Glanbia Adds Muscle to Logistics
Why Retail Supply Chain Transformations Fail - and how to get it right
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
EDITORS' PICKS
26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...

2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...