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The Outlook for Logistics

The Outlook for Logistics
April 10th, 2017 | The Outlook for Logistics

According to MHD (Transport Intelligence Report, 2017, 47(2), pg6), 2016 has been the weakest year for the global economy since the Great Recession of 2008-09. Global economic growth was just 2.3% in 2016, down from 2.7% in 2015.

Looking forward, some of the World Bank’s expectations for 2017 are:

  • Global growth is projected to rise from 3% to 2.7% in 2017.
  • Political uncertainty has been identified as a key risk that could limit growth in 2017
  • Rising oil prices are expected to help boost three leading commodity exporters – Brazil, Russia & Nigeria – from recession in 2017.
  • World trade volume growth is expected to increase to 6% in 2017

Main points regarding the logistics industry are first, that unsurprisingly the expectation of slightly higher economic growth in 2017 is good news, but don’t count in any way on the global economy to deliver a more favorable environment in 2017 than 2016, as more certainty surrounds these forecasts than in previous years.

Our Offices

Our network of agents worldwide is not only impressive, it represents our longevity in this industry, most of our agents are long term contracted partners, who have been chosen based on the reputation and coverage they have in their own regions. They are in place because of their knowledge, their proven track record and proximity of warehouses to ports and airports. Our agent list is not a random group of companies chosen ad hoc, but a list of reputable, outstanding companies who have been partnered with us over a long period of time.

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