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Agility-Ti poll shows supply chain execs bullish on emerging markets in 2016
SUPPLY chain executives expect to see stronger emerging markets in 2016 despite a weaker of Chinese economy, low oil and a possible US slowdown, according to UK's Transport Intelligence.
"Over the last decade, the emergence of developing nations as pillars of global economic growth has seen new value created and captured while millions have been propelled into the global middle class," said its report.
"Emerging markets have taken on roles as manufacturing hubs, outsourcing destinations, and transshipment points between production and consumption.
"But headwinds in global and regional economies mean the upward trajectory experienced by many emerging markets in recent years is under threat," he said.
According to the Agility Emerging Markets Logistics Index 2016, though, supply chain executives are optimistic about emerging market performance in the year ahead.
Following the turbulence of 2015, some 59 per cent expect emerging markets to achieve growth of 4.7 per cent in 2016, in line with the IMF's prediction for the year and an increase on the 4.2 per cent growth seen in 2015.
"This is despite nearly two thirds (61 per cent) of those surveyed saying they were at least uncertain over the direction of the global economy in 2016." said Ti.
These results come from a new survey of more than 1,100 global logistics and supply chain executives, and forms a central part of the Agility Emerging Markets Logistics Index 2016.
Jointly published by Transport Intelligence and Agility, the Index, now established as an industry benchmark in its 7th year, provides a snapshot of logistics industry experiences and expectations as well as a ranking of the world's 45 most promising emerging logistics markets.
As part of the survey, supply chain executives also revealed that India has replaced China as the emerging market with most potential for growth.
This represents the first time that China has relinquished its title as the most promising emerging market, and comes as part of a wider shift in the expectations those in the industry hold for the year ahead.
According to the Index, China remained the leading emerging market by a large margin in 2016. The turbulence of 2015 was less kind to Brazil as it slipped to sixth place on the back of its economic woes.
This is the first time in the seven-year history of the Index in which Brazil has fallen outside of the top three ranking positions.
"The world's economy is still riven by instability and emerging markets such as China and Brazil have not been immune," said Ti chief executive John Manners-Bell.
"However others, such as Mexico, are in a far stronger position and will benefit from the economic growth experienced in the US and Europe.
"More than ever, investors in emerging markets need to be discerning and the results of our Index are critical to provide clarity in a confusing and complex world," he said.
"Over the last decade, the emergence of developing nations as pillars of global economic growth has seen new value created and captured while millions have been propelled into the global middle class," said its report.
"Emerging markets have taken on roles as manufacturing hubs, outsourcing destinations, and transshipment points between production and consumption.
"But headwinds in global and regional economies mean the upward trajectory experienced by many emerging markets in recent years is under threat," he said.
According to the Agility Emerging Markets Logistics Index 2016, though, supply chain executives are optimistic about emerging market performance in the year ahead.
Following the turbulence of 2015, some 59 per cent expect emerging markets to achieve growth of 4.7 per cent in 2016, in line with the IMF's prediction for the year and an increase on the 4.2 per cent growth seen in 2015.
"This is despite nearly two thirds (61 per cent) of those surveyed saying they were at least uncertain over the direction of the global economy in 2016." said Ti.
These results come from a new survey of more than 1,100 global logistics and supply chain executives, and forms a central part of the Agility Emerging Markets Logistics Index 2016.
Jointly published by Transport Intelligence and Agility, the Index, now established as an industry benchmark in its 7th year, provides a snapshot of logistics industry experiences and expectations as well as a ranking of the world's 45 most promising emerging logistics markets.
As part of the survey, supply chain executives also revealed that India has replaced China as the emerging market with most potential for growth.
This represents the first time that China has relinquished its title as the most promising emerging market, and comes as part of a wider shift in the expectations those in the industry hold for the year ahead.
According to the Index, China remained the leading emerging market by a large margin in 2016. The turbulence of 2015 was less kind to Brazil as it slipped to sixth place on the back of its economic woes.
This is the first time in the seven-year history of the Index in which Brazil has fallen outside of the top three ranking positions.
"The world's economy is still riven by instability and emerging markets such as China and Brazil have not been immune," said Ti chief executive John Manners-Bell.
"However others, such as Mexico, are in a far stronger position and will benefit from the economic growth experienced in the US and Europe.
"More than ever, investors in emerging markets need to be discerning and the results of our Index are critical to provide clarity in a confusing and complex world," he said.
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