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Asian Companies Worry About Rising Supply Chain Costs |
Материал из категории News of logistics (in English) |
10.08.2010 13:08 |
Метки (тэги, tags): Many leaders of small- and mid-sized businesses in Unlike the
And unlike most large regional and multi-national companies in Asia, the small- and mid-sized enterprises (SME) say they will continue to focus their foreign trading efforts on other countries in Asia, not the United States or Europe. These smaller firms say they're conducting more than 80% of their cross-border business inside Asia and over the mid-term, some 56% of the SME leaders say they'll stay focused on expansion in "Many regional SMEs have broken free from the financial shackles of the 2009 crisis," says Derek Woodward, president of the UPS Asia Pacific Region. "More than half (52%) expect greater growth opportunities in 2010, while only 4% anticipate a decline." SME leaders in the Philippines are by far the most bullish on their country's prospects, while Korea's SMEs foresee the fewest opportunities in 2010. The projections of SMEs for trade growth within "The confidence of the Asian SMEs in overseas trade is close to levels seen during the pre-financial crisis period," says Dan Brutto, president of UPS International. "They're just focusing first on their own region, which is not surprising. That certainly is consistent with the strong, double-digit package volume growth we saw last quarter across Asian trade lanes." While information technology and manufacturing continue to be the leading industry sectors in terms of predicted growth opportunities, the SME leaders named the automotive sector the third of the Top 3 sectors for
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