According to Goldman Sachs Global Investment Research, emerging economies will be the biggest contributors to the world’s GDP by 2050, leaving traditional developed economies behind.
Vizualization Source: Lu, M. (2023, October 12). Visualizing the future Global Economy by GDP in 2050. Visual Capitalist. https://www.visualcapitalist.com/visualizing-the-future-global-economy-by-gdp-in-2050/
For global businesses with a long-term vision, the question is no longer whether to expand to these emerging economies, but how to ensure smooth operations in the region.
With 16 years of expertise in providing logistics and freight forwarding solutions from, to, and within Asia, ASI Logistics stands as businesses' trusted partner in the region!
Behind the Rise of Emerging Economies
By 2050, emerging Asian economies will become the world’s major players, first under the impulse of well-known giants: China and India, which are expected to account for $41.9 trillion and $22.2 trillion of the world’s GDP, respectively.
However, the real shift to happen by 2050 will be in the role played by the rise of smaller economies, driven by their young population, urbanization, consumer demand, and rising infrastructure. Indonesia, Bangladesh, and the Philippines are expected to benefit the most from this impulse.
Another factor behind the forecasted prominence of emerging economies is the already booming intra-Asia trade, which accounts for more than 60% of the region’s exports. This interconnectedness is particularly significant for SMEs looking to tap into neighboring markets while benefitting from reduced barriers and lower costs.
Moreover, Asia’s predominance in the global supply chain as a manufacturing hub is unlikely to fade, especially given the region’s interconnectedness. China and Vietnam, for example, have become essential choices for manufacturing and assembly, with supply chains that reach across the globe. Vietnam, in particular, emerged as a manufacturing powerhouse and dynamic market, making it a prime destination for FDI.
The Challenges of Emerging Economies
However, entering these emerging markets—whether to sell or manufacture—presents challenges, some of them inherent to their stage of development.
Underdeveloped infrastructure, regulatory complexities or inconsistencies, political uncertainties, lack of knowledge of the local practices, and the need for reliable local partners are among the most prominent for businesses and other actors of global commerce.
At ASI Logistics, we specialize in accompanying businesses of all sizes in their operations from, to, and within Asia with tailor-made logistics and freight forwarding solutions.
With dedicated teams in China, Vietnam, and Cambodia, we possess proven expertise in optimizing our customers' import, export, and local operations and ensuring smooth door-to-door operations.
See our latest case study 👉 Heavy Cargo Import & Handling for Cambodia's Techo International Airport
Dedicated Logistics Solutions to Navigate Emerging Asian Economies
ASI Logistics’ approach to emerging markets is rooted in customization and flexibility. We believe that a one-size-fits-all solution is not suited to regions as diverse as Asia, and for customers as diverse as ours. Instead, we specialize in providing built-to-suit logistics and freight forwarding solutions.
Whether through providing flexible warehousing options in rapidly growing urban centers or leveraging local partnerships to streamline customs clearance, we ensure smooth operations and efficient supply chains thanks to customized solutions.
Our seven offices in 7 key locations in China, Vietnam, and Cambodia, the strong European presence of our mother company, and our global network allow us to offer seamless logistics solutions across both developed and emerging markets, as well as door-to-door services between Europe and Asia.
Whether shipping goods from Europe to Vietnam or managing inventory across multiple Asian countries, companies expanding into Asia can rely on us for consistent service quality and dedicated follow-up.
ASI Logistics, strong of 16 years of expertise, provides you with the most adapted logistic solution to fit your needs and ensure you enjoy the benefits of smooth operations.
Thanks to our eight offices, including six conveniently located on China's east coast logistic hubs (Shanghai, Ningbo, Xiamen, Ningbo, and Hong Kong), its two branches in Ho Chi Minh City, Vietnam, and Phnom Penh, Cambodia, and its worldwide network of logistic experts, ASI Logistics accompanies you at every step of your product's journey from, to and within Asia.
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ASI Logistics, fort de 16 ans d'expertise, vous fournit la solution logistique la plus adaptée à vos besoins, pour une chaîne d'approvisionnement et des expéditions fluides.
Grâce à nos sept bureaux, dont cinq idéalement situés sur les hubs logistiques de la côte est de la Chine (Shanghai, Ningbo, Xiamen, Qingdao et Hong Kong), ainsi que nos deux branches à Ho Chi Minh Ville, au Vietnam, et Phnom Penh, au Cambodge, à l'expertise de notre société mère européenne et à notre réseau mondial d'experts logistiques, ASI Logistics vous accompagne à chaque étape du voyage de vos produits, vers, depuis et en Asie.
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ASI Logistics, 凭借16的专业经验，都会为您提供最适合的物流解决方案，确保您的运营顺畅无忧。
得益于我们在中国东海岸的六个重要物流枢纽（上海、青岛、厦门、宁波和香港）、在越南胡志明市和柬埔寨金边的两个分支机构，以及全球网络中的物流专家，ASI Logistics 将陪伴您每一步，从亚洲到亚洲，以及在亚洲内部的整个货物运输过程。
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Sources:
- Lu, M. (2023, October 12). Visualizing the future Global Economy by GDP in 2050. Visual Capitalist.
- Sayegh, M. (2022, July 9). Why smes are looking at Intra-Asia Trade. The Economic Times.
- Hatzius, J., Daly, K., Briggs, J., Gedminas, T., Kodnani, D., & Pierdnomenico, G. (2023, June 8). The path to 2075 — capital market size and Opportunity (Daly/Gedminas). Goldman Sachs.
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