Disruption, congestion and sky-high rates were the main causes of pain for emerging markets in 2022 but a digital future promised post-pandemic growth. Is that still true for 2023?
For the past 14 years, Ti has partnered with Agility to examine the competitiveness of emerging markets and compare them in ways that are useful to shippers, carriers, distributors and other stakeholders in the supply chain.
This week saw the launch of the 2023 survey, and we are inviting you to give your views.
Last year, the survey of over 750 supply chain professionals found that emerging markets will be faced with an uncertain and challenging year ahead, and uneven recovery for leading emerging logistics markets.
‘Adoption of technology’ was seen as the most important factor in shaping growth in emerging markets over the next 10 years, but half of participants felt that cost or access to sustainable transportation services would hold back their ability to operate more sustainably in developing economies.
The hope from last year was that governments and logistics companies would work together to address costs and develop sustainable transport and logistics services and that governments would reduce barriers to trade which prevent emerging markets from exploiting global markets.
But 2022 continues to be a challenging business environment for emerging and developed economies. Supply chains have become increasingly political, as explained in a recent briefing by Chief Analyst Thomas Cullen, with examples of China looking to create supply chains that are insulated from American influence and EU businesses reassessing investments in China.
If China’s share of global trade will decline over the next 5 years, what will this mean for potential new poles of trade growth in Southeast Asia and sub-Saharan Africa?
There is also the question of the impact of the Russia-Ukraine war and escalating energy prices on company operations in emerging markets. Will these issues act as barriers to increased investments in emerging economies?
These are only some of the topics covered in this year’s survey – have your say here.
Contribute to the 2023 Agility Emerging Markets Logistics Index
The survey is now open and all participants will be the first to receive the index when published.
Tell us what you are seeing on the ground and in your business – please take 10 minutes to share your insights on the issues reshaping our world.