Supply chain executives hope to see stronger market growth throughout 2016, despite an array of concerns about weakening Chinese economic growth, fluctuations in oil prices, and the possibility of the US economy deteriorating.
Over the last decade, emerging markets have adopted strategies focusing on manufacturing hubs, outsourcing destinations, and transhipment between production and consumption.
According to the Agility Emerging Markets Logistics Index (AEMLI) 2016, supply chain executives are optimistic about emerging market performance in the year ahead.
59% expect emerging markets to achieve a growth of 4.7% throughout 2016, in line with the IMF’s.
Published by Transport Intelligence (TI) and AEMLI, the index, provides a glimpse of logistics industry expectations of the global emerging logistics markets, suggesting that supply chain executives revealed that India has replaced China as the emerging market with most potential for growth.
This is 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.
John Manners-Bell, Chief Executive at Transport Intelligence, said: “The world’s economy is still riven by instability and emerging markets such as China and Brazil have not been immune.
“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.”