Eight of the top 10 ranking positions in the 2022 Agility Emerging Markets Logistics Index are occupied by emerging markets from Asia Pacific and the Gulf states. The Agility Emerging Markets Logistics Index 2022 examined four key areas for logistics market development:
Domestic logistics opportunities;
International logistics opportunities;
Business fundamentals; and
Digital readiness
The analysis by Agility, a global supply chain company, highlighted that an accelerated shift to online retail, digitalisation and sustainability will be the legacy of the Covid-19 pandemic.
Agility's Take: China still indispensable "Two years later, the world is no less reliant on China, which still accounts for the largest share of global production across an astounding number of industries. Even so, China's customers and investors might have reasons to start viewing it in a new light." The report added that China remains indispensable to the global supply chain. While India ranks 2nd overall, it ranks at 14th for business fundamentals, its highest ever position in the ranking. "Achieving 5th position in the new digital readiness ranking highlights the need for business environment reforms to further unlock India's potential."