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TOP 10: Emerging Logistics Markets 2011
Transport Intelligence has published its annual ranking of the hottest emerging markets in global logistics, which compares 39 up-and-coming countries and identifies a series of key attributes that make them attractive for investment. “It is clear that emerging markets are playing an increasingly important role in global supply chain strategies as manufacturers look to the next wave of low cost production locations,” explains John Manners-Bell, chief executive officer of Transport Intelligence. “However, investors need to be cognizant of the specific challenges which exist in each market as well as the opportunities. Our index enables companies to differentiate between those markets which offer immediate potential and those which will take much longer to develop.”
10) Chile
Making its debut in the top ten, Chile overtook Thailand and Malaysia in this year’s ranking, moving three places up. According to Transport Intelligence, the country benefits from a high number of trade agreements, enabling good access to foreign markets for its exporters. All indicators have pointed to a firmly-based and relatively vigorous recovery from two major negatives: the international recession of 2009 and the devastating earthquake of February 2010. In particular, there was a strong recovery in airfreight last year, with 17.5% growth, and a further 11.5% can be expected this year, according to Business Monitor International (BMI). Transport and communications minister Felipe Morande has said that the country's ports could reach the limits of their capacity by 2014, because of continued economic growth. Chile's largest port, the port of San Antonio (POSA) is forecast to experience growth of 9.0% in total tonnage in 2011, after a gain of 11.2% in 2010, and a prior fall of 8.3% in the recession year of 2009. By the end of 2011, POSA will have handled 14.68mn tonnes. Meanwhile, after 10.1% growth in 2010, rail freight volume will expand by a much lower 1.1% in 2011 to reach 28.377 million tonnes.
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