Emerging markets and the power of the Asian Consumer
The environment for global manufacturers, retailers and logistics companies is only going to get more complicated, in part to the growing power of the Asian consumer.
According to the Asian Development Bank, by 2030, consumer spending in Asia is likely to reach $32 trillion — or about 43% of worldwide consumption. Multinational companies expect that more than 50% of their revenue growth over the next 10 years will come from developing economies. Asia is no longer just where goods are manufactured, but quite often it is the final destination.
This means that major opportunities for manufacturers, retailers and logistics companies lie in emerging markets. A new briefing by Transport Intelligence (Ti), in conjunction with Agility, has researched and tracked Emerging Markets for the last four years with a view to identifying those markets presenting the biggest opportunities as well as examining the reasons behind their potential.
