Logistics in Asia
The Asia Pacific contract logistics market has recorded impressive levels of growth over 2006-2008 and while this will slow in 2009, the Asia Pacific region is the best placed to weather the current financial and economic storm.
Despite the impact of the global downturn, the market will continue to grow, although at a less spectacular rate than in recent years.
The contract logistics market in Asia Pacific has been growing at a rate of around 11% over the last three years and despite the adverse effects of the economic woes in the west, growth is expected to continue in 2009.
China’s National Bureau of Statistics has announced that economic growth in the third quarter of 2008 was 9% year-on-year. This is down from 10.1% in the previous quarter, which had also declined from the first quarter. But note most carefully this is NOT a decline in the normal sense, it is a decline in growth. A totally different concept.
This falling growth rate can be seen as the first evidence of the impact of the credit crisis on Asia, and can be attributed to exports, investment and consumption. However, it may also be partly due to the government’s interventions over the past year to prevent overheating in the starkly different economic environment of booming growth.
Read more HERE.
Source: iStock Analyst