Logistics industry sees emerging markets uptick but braces for volatility

 18-Jan-16, Agility

Supply chain executives expect an uptick in emerging markets growth in 2016, despite concerns about further slowing in China, fluctuations in oil prices, and the possibility that the U.S. economy could weaken.

Image: Agility

After a year of turbulence, 61% of logistics industry executives surveyed say they are unclear on the direction of the global economy or expect more volatility in 2016. In spite of their wariness, roughly the same proportion (59.4%) say the International Monetary Fund forecast of 4.7% growth in emerging markets is “about right.” Emerging markets grew an estimated 3.6 % to 4.2% in 2015, down from 4.5% in 2014.

The results are part of a new survey of more than 1,100 global logistics and supply chain executives in the 2016 Agility Emerging Markets Logistics Index.

For the first time, supply chain professionals see India – rather than China – as the emerging market with the most growth potential. And in the overall Index rankings India climbed two spots to No. 3, behind only China and United Arab Emirates (UAE), on strong economic performance and initial reforms launched by Prime Minister Narendra Modi.

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