Global Trade Plateau? - Inbound Logistics

Global Economy, Global Logistics, Global Trade ManagementOrder volumes in Western economies have grown significantly, but momentum may be slowing, finds Tradeshift's Index of Global Trade Health. The report finds: Global trade activity rose 15.2% in Q3 2020 compared to Q2. The Eurozone was the strongest performer in Q3. Transaction volumes in the United States exceeded the global average, increasing 17.2% compared to Q2. Pent-up demand after lockdown sparked an 85.5% increase in orders in July 2020 compared to the monthly average in Q2. The U.K. had a more difficult Q3, with transaction volumes up only 6.1%. China showed signs of plateauing in Q3 with trade activity up 8.9% compared to a strong Q2. While order volumes grew 20.1% in Q3, the amount of money going to suppliers hasn't increased at the same rate. Invoice volumes grew 14.1% in Q3. Retail activity rose by the largest margin across all sectors. Transaction volumes rose 78% in July as stores reopened. The manufacturing and logistics sectors performed well throughout Q3. Activity in the healthcare sector dipped in Q3 as supply chains settled following a period of volatility.