World exports as a percentage of global GDP showed a continuous growth trend from the mid-eighties of the last century, until 2008. Since then the growth stopped.
Another indicator for trade, global capital flows between countries, achieved its highest point seven years ago. But times are changing. Growth will still be there, if you know where to find it.
According to McKinsey, approximately 600 cities are likely to realise 65% of the global GDP growth by the mid-twenties. By then, the growing cities are predicted to add up to $30 trillion to the world economy. Incomes in developing economies never rose faster or at a greater scale in history, and about a billion people are becoming part of consuming classes in roughly ten years’ time.
Macro-economic changes and shifts in trade patterns have their impact on global supply chains. They provide opportunities as well as challenges. Let’s have a closer look at some developments in logistics that are directly or indirectly caused by changes in trade patterns, in GDP growth or in customer behaviour.
These developments will have their effect on day-to-day logistics, and companies will need to prepare for ‘the new normal’ in supply chain management. With all these changes, staying up-to-date on the latest trends in logistics is more important than ever.
If you are working in the retail industry and want to stay up-to-date on the latest trends in Retail Logistics, you might want to have a look at the recently launched Damco-powered http://www.retaillogistics.guru. It covers the latest on all that’s happening in the world of supply chain management in the retail industry.