As China plays an important part in Agility’s business in Asia, Hickler says China’s growth prospects look very positive for 2011 with most analysts forecasting about 9.3 per cent economic growth.
October 1, 2011
As China plays an important part in Agility’s business in Asia, Hickler says China’s growth prospects look very positive for 2011 with most analysts forecasting about 9.3 per cent economic growth. “We also see a continued rise in consumer spending as the middle class continues to grow,” he adds. China’s own 4-trillion-yuan (US$ 625.8 billion) economic stimulus package continues to add to the country’s growth momentum into 2011 and there is considerable investment in infrastructure development along the Yangtze Delta and further into western parts of the Mainland. continued to grow with a focus on the east of the country focused on Zhejiang and Jiangsu province spurring further demand for freight and logistics services in that region. Hickler says that Agility’s domestic logistics network across China has positioned it well to generate opportunities and to grow its business, drawing on its international network and supply chain expertise. He points out that the most dramatic development has been the emerging domestic consumer market in China which has resulted in increasing demand for domestic logistics services. “The result has been that logistics companies have had to develop their own domestic networks in China to meet demand for the fast growing retail sectors and the previously export focused industry now has to restructure to meet demand for increased imported goods. The domestic contract logistics sector, which used to be dominated by Chinese companies, is now highly competitive as international logistics companies establish their own networks,” he says.