The global information technology industry is likely to experience moderate growth in 2014, some 3.4 percent, with upside potential of 5.9 percent, according to the IT Industry Outlook 2014 released by CompTIA, the non-profit association for the IT channel. The U.S forecast is slightly lower: 3 percent, with upside potential of 5.4 percent.
Analyst Insight: India has one of the world's fastest-growing economies. Based on the country's 12th Five-Year Plan, manufacturing in India is expected to grow at a healthy CAGR of 9.5 percent. However, according to a World Bank Survey, India ranks 46th in global trade logistics performance and 13th in GDP growth worldwide. Despite the generally positive economic outlook, estimates indicate that the country's inefficient supply chain results in an approximately $65bn loss per year.
- Neelam Singh, Senior Analyst, and Steve Banker, Service Director, Supply Chain Management, both of ARC Advisory Group