09 February 2021, Bath UK – The annual Agility Emerging Markets Logistics Index survey today reveals that supply chain industry executives hold little hope for a global recovery from the Covid-19 pandemic in 2021. More than half of those surveyed (51.5%) say it will be at least 2022 before the global economy is back on track, while the 1,200+ survey respondents foresee that amongst Emerging Market regions, only Asia Pacific is likely to recover during this year. In fact, most respondents believe it could be 2024 before the South American and Sub-Saharan African markets recover.
In the data-driven Index – an annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets – China and India once again claim the top ranking positions. The Index provides a broad gauge of countries’ competitiveness based on the strength of their domestic and international logistics market and business fundamentals. The ranking offers a comparative assessment of the factors that make 50 of the world’s most promising emerging logistics markets attractive operational environments and investment destinations logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors. The Agility Emerging Markets Logistics Index is compiled by Transport Intelligence (Ti) and has been published in partnership with Agility for more than a decade.
In 2021, Vietnam emerges as a top performer, having effectively suppressed the spread of Covid-19 and maintained its attractiveness as an investment destination. Vietnam leaped to No. 8, up three spots, as Asia Pacific and Gulf markets dominated the top 10. Nigeria also saw its ranking improve to No. 30 overall. Its upward trajectory is powered by notable gains in the ranking for Domestic Logistics Opportunities, where a six-position rise saw it claim the No. 10 spot, the highest position a Sub-Saharan Africa market has ever achieved in that ranking. Malaysia also saw improved Domestic Logistics Opportunities, while in the counterpart International Logistics Opportunity ranking Turkey, Brazil, Morocco, Ukraine, Kenya and Myanmar all saw improvements.
2021 Index and Survey Highlights
John Manners-Bell, Chief Executive of Ti, says: “The strength of the Agility Emerging Markets Logistics Index has always been to differentiate between those emerging markets which demonstrate resilience in the face of adversity and those which are more ‘fragile’. This year is no exception. Although some – especially China and Vietnam – have been able to rebalance their economies around domestic industrial and consumer demand, the majority are still highly dependent on international markets and investment. A lack of global demand combined with the breakdown of air and sea logistics networks have had severe consequences for these economies and societies. As the Covid crisis finally unwinds over the next two years, those which are the most resilient will bounce back the fastest. Inevitably those which have failed to embrace market, trade, governmental and social reforms will be hardest hit by the fallout from the pandemic.”
Download the Agility Emerging Markets Logistics Index here: www.ti-insight.com/agility-emerging-markets-logistic-index
About Transport Intelligence (Ti)
Transport Intelligence (Ti) is one of the world’s leading providers of expert research and analysis dedicated to the global logistics industry. Utilizing the expertise of professionals with many years of experience in the express, road freight and logistics industries, Transport Intelligence has developed a range of market-leading web-based products, reports, profiles and services used by many of the world’s leading logistics suppliers, consultancies, banks and users of logistics services.
For further information, please contact Michael Clover, Ti’s Head of Commercial Development, [email protected]
Telephone: +44 (0)1666 519907
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About Agility
Agility is a global logistics company with $5.1 billion in annual revenue and 23,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customs digitization, and remote infrastructure services.
For more information about Agility, visit www.agility.com
Twitter: twitter.com/agility
LinkedIn: linkedin.com/company/agility
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