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UK MOD personnel can log-in to the GRMS portal to schedule household relocation shipments.
Mexico, Chile, Uruguay show strength in annual logistics rankings
BAAR, Switzerland – February 9, 2021 – Latin American countries broadly improved the competitiveness of their business climates in 2020, a surprise finding in the 2021 Agility Emerging Markets Logistics Index.
The Index, in its 12th year, looks at the logistics strengths and competitiveness of the world’s 50 leading emerging markets countries. In the area of business fundamentals, only Chile at No.5 ranks near the top, but eight Latin economies moved up in that category in the 2021 Index: Uruguay (12), Mexico (20), Peru (24), Colombia (27), Ecuador (28), Brazil (36), Paraguay (40) and Bolivia (41).
In the overall annual Index, Mexico ranks as the world’s No. 7 emerging market. Chile is 12th, and Brazil is 16th. Outside of the top 20, the remaining Latin American nations are scattered: Uruguay (23); Peru (25); Colombia (27); Ecuador (35); Argentina (36); Paraguay (43); Bolivia (44) and Venezuela (50).
Argentina slipped five spots in the 2021 Index and was alone among Latin countries in experiencing a sharp drop in its business fundamentals ranking, where it fell three places. In addition to pandemic-driven economic damage, Argentina was plagued by many long-standing economic problems as it restructured nearly $65bn in debt owed to private investors.
International logistics opportunity and potential is highest in Mexico, which ranks No. 3 in that area of the Index despite seeing significant challenges raised by the COVID-19 pandemic and doubts about the direction of its economic policies. The country’s economy was battered by a contraction of 9% in 2020, according to IMF projections.
Domestic logistics opportunity and potential are highest in Brazil at No. 8, down three places from last year. Uruguay rose three spots to No. 25 in domestic logistics as well.
Venezuela, engulfed in political and economic turmoil, ranks last among the 50 Index countries for international logistics opportunity and 49th for business fundamentals.
The Index ranks 50 countries by factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors. The top 10 are: China, India, Indonesia, United Arab Emirates, Malaysia, Saudi Arabia, Mexico, Vietnam, Qatar, and Turkey.
China, India and Indonesia rank highest for domestic logistics; China, India and Mexico are top for international logistics; and UAE, Malaysia and Saudi Arabia have the best business fundamentals.
Along with the Index, Agility surveyed more than 1,200 supply chain professionals for their views on the disruption caused by the COVID-19 pandemic. A majority, 52%, say they do not foresee a global economic recovery until 2022 or beyond, which includes South America. Those surveyed believe Asia, North America and Europe will rebound this year.
2021 Index and Survey Highlights
Transport Intelligence (Ti), a leading analysis and research firm for the logistics industry, compiled the Index.
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 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, has had severe consequences for these economies and societies. As the COVID crisis finally unwinds over the next two years, those 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.”
2021 Agility Emerging Markets Logistics Index: www.agility.com/2021Index
Agility is a global logistics company with $5.2 billion in annual revenue and 26,000+ 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 Agility.com
Twitter: twitter.com/agility
LinkedIn: linkedin.com/company/agility
YouTube: youtube.com/user/agilitycorp
For more information:
Sabrina Mundy
Man Bites Dog
+44 (0) 7841 632 863
[email protected]
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
Web: ti-insight.com
Twitter: @Ti_insight
LinkedIn: Transport Intelligence