Index dampens hopes of fast comeback
According to the recent Agility Emerging Markets Logistics Index, 51.5% out of 1,200 industry professionals surveyed don’t expect a full economic and logistics recovery until 2022 to 2024.
They see Latin America and Sub-Saharan Africa as the last regions to bounce back. It is the Kuwaiti's company’s 12th annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets. In 2021, China and India remain at the top of the overall Index.
Vietnam leaped to No. 8, up three spots, as Asia-Pacific and Gulf markets dominated the top ten. Nigeria rose five spots to No. 30, the highest climb for a Sub-Saharan Africa country in the twelve years of the Index.
Gulf countries outperformed most others in business climate, but eight Latin America markets improved their business fundamentals rankings. Malaysia and Nigeria made the most notable upward moves in domestic logistics; Turkey, Brazil, Morocco, Ukraine, Kenya and Myanmar made progress in international logistics competitiveness. (sh)