TOP 10: Emerging Logistics Markets 2012
Transport Intelligence has published its annual ranking of the hottest emerging markets in global logistics, which compares 39 up-and-coming countries and identifies a series of key attributes that make them attractive for investment. “It is clear that emerging markets are playing an increasingly important role in global supply chain strategies as manufacturers look to the next wave of low cost production locations,” explains John Manners-Bell, chief executive officer of Transport Intelligence. “However, investors need to be cognizant of the specific challenges which exist in each market as well as the opportunities. Our index enables companies to differentiate between those markets which offer immediate potential and those which will take much longer to develop.”
Down two places from last year’s index, Mexico’s economy still expanded 1.34 per cent in the third quarter of 2011. Gross Domestic Product expanded between approximately 3.5 per cent and 4 per cent, down slightly on August 2011 estimates which forecast that growth would be in the vicinity of 3.5 per cent to 4.5 per cent, reports Bloomberg. But with Business Monitor International (BMI) forecasting airfreight tonnage to average annual growth of 7.67 per cent up to 2015, and total tonnage from the shipping ports of Manzanillo and Vercruz expected to achieve 5.71 per cent and 9.11 per cent annual growth respectively to 2015, the Central American country’s logistics future looks promising. A key consideration over the coming months will be the cost of fuel and still wary sentiment of the consumer. Whilst consumer confidence has made a recovery, there is still reportedly a gap between external and domestic demand, reports BMI.