DHL demystifies Asian trade trends and uncovers supply chain implications
In the current fragile global macroeconomic environment, the APAC region remains a beacon of optimism, positioned to be the world’s fastest growing region with trade as a key growth sector. APAC’s importance in world trade will continue to grow with intra-APAC trade lanes projected to account for 50 percent of top 15 global trade lanes by 2030¹.Emerging manufacturing hubs, increasing domestic consumption and rapidly growing e-commerce are key drivers of APAC’s strong growth. China remains the world’s undisputed manufacturing hub, even as companies diversify operations to neighboring emerging markets such as India and Vietnam. Businesses are adopting the so-called “Plus One” strategy due to increasing labor costs, the growing need for resilience, and strong potential in these markets. Convenience to consumers is as important as providing fast and reliable logistics solutions.”“E-commerce logistics is changing rapidly confronting logistics with new issues and opportunities.