Agility’s 2018 out­look

Agility has pub­lished its out­look for 2018 which gives an over­view that ac­tu­ally takes into con­sid­er­a­tion, mar­kets that are tech­ni­cally past the emerg­ing des­ig­na­tion.

Cargo Talk - - International - CT BUREAU

The ‘2018 Emerg­ing Mar­kets Lo­gis­tics In­dex’ re­port states that air­freight cov­er­age con­firms growth where most ob­servers ex­pected it to be, but also delivers a few sur­prises, such as a 30.8 per­cent vol­ume in­crease in U.S.-to-Rus­sia air­freight. Air­freight from so­called ‘emerg­ing economies’ saw a sig­nif­i­cant in­crease, as well, dur­ing 2017, with the fol­low­ing five coun­tries lead­ing the charge re­gard­ing cargo ship­ments to and from the Euro­pean Union: Cam­bo­dia (+44.1 per­cent), In­done­sia (+38.6 per­cent), Sri Lanka (+34.3 per­cent), Ghana (+32.6 per­cent) and Philip­pines (+25.0 per­cent).

En­ter­ing a new year, Agility said that, “The global econ­omy is clearly in an up­swing; some may even call it a boom.” The Kuwaiti 3PL pointed to healthy prospects in the U.S., the Eu­ro­zone and other de­vel­oped mar­kets, con­clud­ing that this favourable in­ter­na­tional back­drop is par­tic­u­larly help­ful for emerg­ing ex­port mar­ket. “Nev­er­the­less, the global econ­omy re­mains vul­ner­a­ble to a range of down­side risks,” the 3PL warned. “These in­clude a faster and greater tight­en­ing of global fi­nan­cial con­di­tions, which may well tran­spire if the U.S. Fed­eral Re­serve in­creases its base rate sooner than ex­pected or by more than an­tic­i­pated. Pos­si­ble fi­nan­cial tur­moil may also arise if China fails to counter risks as­so­ci­ated with its ex­pan­sion of credit. If a shock oc­curs that causes a growth slow­down in China, this would have ad­verse con­se­quences for other economies through weaker trade, com­mod­ity prices and con­fi­dence.

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