We enter 2015 buoyed by the improving economic indicators in the U.S., which, propelled by consumer confidence, should positively influence imports to North America. Europe and China will undoubtedly continue to have challenges in their economies in the coming year. Decelerating industrial production in China has important repercussions for global trade with reduced value of commodities and increased tonnage availability. European economies will continue at very low growth rates, and these difficulties combined with a rising U.S. dollar may negatively affect U.S. exports.
Emerging markets continue to increase their significance in global trade and logistics. New trade corridors between Asia, Africa and South America will transform global supply chains. Trade volumes will shift toward emerging markets. Under-developed countries will continue to increase their role in global trade and worldwide transport and logistics services. Industry leaders and local global logistics providers will be looking to capitalize in these new trade corridors and logistics hubs. We should see an increase of multinationals expanding their operations in emerging markets, to continue to provide global services to their customers.
We anticipate the industry will continue to face fierce rate competition and innovative technology to improve efficiency and provide information to supply chain participants. Talent will continue to be the principal challenge for companies in our industry; expect increased investment in human resources to drive innovation to manage supply chain challenges. Finding the best personnel will continue to be our principal challenge for 2015.
Tony Rodrigues, CEO Americas, SDV International Logistics