By Priti Naik
The latest Agility Emerging Markets Logistics Index ranked India second after rating countries for their overall competitiveness based on logistics strengths, business climates and digital readiness. The survey ranks China first and UAE on the third position. UAE ranks among the top three logistics centres in emerging markets as the country continues to boost its digital infrastructure and develop its business environment.
The index is based on a survey of 756 supply chain industry professionals. In terms of digital readiness and business fundamentals, the UAE was placed first among the 50 countries included. Saudi Arabia, the Arab world’s largest economy, was ranked third, while Bahrain and Oman were in fifth and sixth positions, respectively.
Industry executives see moderate-to-strong economic growth and little or no chance of a recession in 2022, according to Agility’s survey. Roughly two thirds of the 756 industry professionals believe shippers will see cargo rates come down by the end of the year. Eighty per cent expect port bottlenecks, air capacity shortages and trucking issues to ease by end of the year.
