Global operations and strategies for companies in industries
like retail, consumer products, and food & beverage are becoming more and
more important to profitable growth. These emerging markets, particularly in
China, provide major opportunities.
Having a China strategy is more important than ever in 2012,
as “China for China” production by Western companies is creating great
opportunities for companies to grow worldwide.
While there is a lot of buzz for various industries,
logistics service providers should also make emerging global markets like that
in China a priority this year. A newly published 3PL
report showed that both shippers and LSPs see China, India, Brazil and
Mexico as the biggest emerging markets for the industry.
Tompkins’ experts agreed in
this article on the top priorities for LSPs in 2012 that success in these
markets will hinge on having “the right strategy, the right structure, and the
right partners” in place.
Though it is a challenge, the rewards for moving into these
markets are great for LSPs, even if there isn’t as much buzz in the industry as
compared to others out there. Expanded global capabilities are good for both
LSPs and shippers to reduce costs while gaining competitive
advantage.
See
more on other priorities for LSPs in 2012 in this article.
GoGoGo!
Jim Tompkins
Photo Credit: FlyingSinger