No region in the world is changing as quickly as Asia. Four Asian countries, China, India, Japan and South Korea, are in the world’s top 10 largest economies. China contributed just 2% to the global economy in the early 1980s; today the country is the world’s second-largest economy. The South East Asian (ASEAN) countries such as Indonesia, Vietnam, Singapore or Malaysia are also booming. With a population of around 650 million, the region is already the world’s fifth-largest economic area.
The middle class is a major driver of growth in Asia. A decade ago, around 500 million people in the region belonged to the middle class; today there are already over 1.3 billion. Asian countries are now turning into self-confident economies with high levels of value creation. Today, China produces most of the world’s computers, and most processors too. India is the world’s leading software cluster. Intra-Asian trade is also a key driver of growth: South East Asia is now China’s second-largest trading partner.
Asia’s share of the global middle class by 2030 in per cent, according to OECD.
Today, Asia is at the centre of global trade and thus it is a focus for Kuehne+Nagel. With a presence in the region with its own companies for almost 60 years, it has traditionally focused on seafreight and airfreight. Over the years, Kuehne+Nagel has also expanded its regional market position in contract logistics. At the Singapore Innovation Centre, research is underway into new solutions for digital logistics centres focusing on Big Data and artificial intelligence. In overland transport, Kuehne+Nagel launched eTrucknow in 2019, a new online booking platform for road logistics in South East Asia.
Asia will be the central driver of global economic development in the years to come. So Kuehne+Nagel is continuing to expand its Asian network through organic and inorganic growth. By merging its two existing Asian organisations, Kuehne+Nagel is aiming to strengthen its position in the Asian logistics sector even more.
the number of specialists in the region, from Auckland in New Zealand, Ho Chi Minh City in Vietnam and Busan in South Korea to Karachi in Pakistan.