Emerging markets are gaining traction
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Over the past five years emerging markets have maintained their “growth dynamic,” observes John Manners-Bell, CEO, of the London-based think tank Transport Intelligence (Ti). At the same time, however, none of the upstarts have remained immune from profound economic and political upheavals. Furthermore, the euro zone crisis and political gridlock in the U.S. make it more difficult for aspirational nations to realize their destinies.
“Yet it is extraordinary that emerging markets have continued to grow so robustly,” notes Manners-Bell.
Indeed, Ti is forecasting expansion at 6% in the next 5 years – far out-stripping progress in the developed world. It is for this reason, say Ti analysts, that emerging markets remain so relevant to the global economy…and more specifically to the global logistics industry.
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About the AuthorPatrick Burnson Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]
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