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Global Trade Plateau? - Inbound Logistics

by:VIPUTRANS     2021-02-06
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.
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