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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. Lets
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.
Growth patterns: Growth in the logistics industry is no longer driven by
exports from Asia to North America and from Asia to Europe. It will
come from elsewhere, and will be more fragmented, more unpredictable
and more volatile. Economic and population growth will be increasingly
centred in cities. Infrastructure is becoming a major determinant for
growth.
Flexibility: Meeting consumers requirements at multiple locations with
multiple transport modes at different times requires a flexible supply
chain that can adapt easily to unexpected changes and circumstances.
Globalisation: International, mature and emerging markets have become
a part of the overall business growth strategy for many companies.