Positive economic indicators coming out of Europe, Asia and the U.S. over the last 10 days give reason to forecast a recovery in the global logistics and express industry, but a significant rebound in this sector will require major improvements in consumer confidence, industrial output and international trade volumes, according to new research by independent market analyst Datamonitor. http://about.datamonitor.com/media.
While economic growth is a key indicator of growth in logistics and express markets, the steep decline in volumes over the past 12 months means that the industry is coming from a very low base and so will need significant and sustained periods of improving macroeconomic factors to see a noticeable impact on volumes, says Datamonitor logistics and express senior analyst Erik Van Baaren. "A significant upturn in parcel and freight volumes, combined with the improved performance of logistics and express companies, will therefore not be realized until late this year, or even early 2010," he says.
