Global Logistics: Asia Pacific’s challenges and opportunities in market integration
September 01, 2012 - LM Editorial
While the EU appears to be increasingly fragmented, today’s global shippers are viewing parts of Asia as a “single market.” Indeed, the latest report from specialist research company Transport Intelligence (Ti) suggests that opportunities for U.S. companies will only get better in this dynamic commercial arena.
“Economic growth throughout Asia moderated in 2011 due to weaker demand in developed markets and especially the impacts of the Eurozone crisis,” says Ti CEO John Manners-Bell.
“However, investment overall increased slightly and consumption remained buoyant.”
China remained the strongest economy in the region, growing at roughly twice the pace of large countries such as Indonesia, Malaysia, the Philippines, and Thailand. Korea and Taiwan both grew at slower rates, as weak investment compounded the effects of slower exports. Vietnam’s economy grew in the mid-single digits due to strong growth in industrial output and consumption.
Subscribe to Logistics Management magazine
entire logistics operation. Start your FREE subscription today!