Login



For PLUS+ subscription assistance, contact customer service.

Not a PLUS+ Subscriber?

Become a PLUS+ Subscriber today and you'll get access to all Supply Chain Management Review premium content including:

  • Full Web Access
  • 7 Magazine Issues per Year
  • Companion Digital Editions
  • Digital Edition Archives
  • Bonus Email Newsletters

Subscribe Today!

Premium access to exclusive online content, companion digital editions, magazine issues and email newsletters.

Subscribe Now.


Become a PLUS+ subscriber and you'll get access to all Supply Chain Management Review premium content including:

  • Full Web Access. All feature articles, bonus reports and industry research through scmr.com.

  • 7 Magazine Issues per year of Supply Chain Management Review magazine.

  • Companion Digital Editions. Searchable replicas of each magazine issue. Read them in any web browser. Delivered by email faster than printed issues.

  • Digital Editions Archives. Every article, every chart and every table as it appeared in the magazine for all archive issues back to 2009.

  • Bonus email newsletters. Add convenient weekly and monthly email newsletters to your subscription to keep your finger on the pulse of the industry.

PLUS+ subscriptions start as low as $109/year*. Begin yours now.
That's less than $0.36 per day for access to information that you can use year-round to better manage your entire global supply chain.

For assistance with your PLUS+ subscription, contact customer service.

* Prices higher for subscriptions outside the USA.

PLUS+ Customer Service Support


Customer service for all PLUS+ subscribers is available Mon-Fri, 9am-5pm Eastern time.

Email: [email protected]
Phone: 1-800-598-6067 (1-508-663-1500 x294 outside USA)
Mail: PO Box 1496, Framingham MA 01701-1496, USA



You have been logged out of PLUS+


For PLUS+ subscription assistance, contact customer service.

Need to access our premium PLUS+ Content?
Upgrade your subscription now.


Our records show that you are currently receiving a free subscription to Supply Chain Management Review magazine, or your subscription has expired. To access our premium content, you need to upgrade your subscription to our PLUS+ status.

To upgrade your subscription account, please contact customer service at:

Email: [email protected] Phone: 1-800-598-6067 (1-508-663-1500 x294 outside USA)

Become a PLUS+ subscriber and you'll get access to all Supply Chain Management Review premium content including:

  • Full Web Access. All feature articles, bonus reports and industry research through scmr.com.

  • 7 Magazine Issues per year of Supply Chain Management Review magazine.

  • Companion Digital Editions. Searchable replicas of each magazine issue. Read them in any web browser. Delivered by email faster than printed issues.

  • Digital Editions Archives. Every article, every chart and every table as it appeared in the magazine for all archive issues back to 2010.

  • Bonus email newsletters. Add convenient weekly and monthly email newsletters to your subscription to keep your finger on the pulse of the industry.

PLUS+ subscriptions start as low as $129/year*. Start yours now.
That's less than $0.36 per day for access to information that you can use year-round to better manage your entire global supply chain.

This content is available for PLUS+ subscribers.


Already a PLUS+ subscriber?


To begin or upgrade your subscription, Become a PLUS+ subscriber now.

For assistance with your PLUS+ subscription, contact customer service.

Sorry, but your login to PLUS+ has failed.


Please recheck your login information and resubmit below.



For PLUS+ subscription assistance, contact customer service.

Global Economy Picks Ups Speed, Says Atradius Worldwide

The main challenges to the global outlook – low inflation, negative bond yields, austerity, and low commodity prices – are slowly phasing out.

By ·
By ·

The global economy is continuing to strengthen, notes Atradius Worldwide, a consultancy specializing in trade credit insurance, surety and debt collections.

In its latest “Economic Update,” analysts say worldwide growth is expected to increase 3.0% in 2017 and 2018. GDP growth is underpinned by a strong U.S. economy, falling unemployment and improving consumer and business confidence across advanced markets.

The main challenges to the global outlook – low inflation, negative bond yields, austerity, and low commodity prices – are slowly phasing out. The outlook for emerging markets is brighter than 2016 as well, as Brazil and Russia emerge from recession and access to finance remains favourable. While the global economic outlook is more robust than years past, political risk remains a downside risk to stability.

As SCMR noted last month, Atradius said that the relatively “benign” outlook for emerging market economies in 2017 would continue, however.

“Steady growth and consistent development of the key measures is predicted for the balance of the year,” said David Huey, the consultancy’s president, and regional director.

In an interview with SCMR, he said the lack of any significant movement in the main indices on a month to month basis is a reflection of the steady progress of the advanced markets year-to-date.

“While there remain some possible headwinds caused by political uncertainty, oil prices, labor figures and growth projections have all shown little volatility in 2017,” he said. “Similarly, the insolvency figures have been steady or declining, with Australia a notable exception, but that is on an aggregated basis. A more granular analysis reveals there are still some expected pain points on an industry basis, retail and metals in particular.”

Not only is global GDP strengthening, but also is global trade growth. After a lackluster 1.3% expansion in 2016, trade growth (12- month rolling average, y-o-y) has picked up to 2.4% as of April 2017. Despite policy uncertainty, most high-frequency indicators point to sustained growth: the global manufacturing PMI has been above the 50 neutral mark for 17 consecutive months while new export orders also showed 12 months of improvements and are at the highest level in six years.

Atradius forecasts full-year global trade growth to reach 3.2% in 2017, compared to 1.3% in 2016. However, policy uncertainty, mainly related to potential protectionism, remains a concern for the positive outlook.

Oil prices remain just below $50 per barrel of Brent crude. The persistent weakness is in spite of the OPEC production cut, as supply and inventories in the US have continued to increase. OPEC is expected to maintain its production cut agreement though to end- 2018 and to phase it out gradually in order to avoid sharp disruptions. Oil prices are expected to remain muted in the short term: the U.S. Energy Information Administration forecasts a barrel of Brent to average $51 in 2017 and $52 in 2018.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Supply Chain Management Review Magazine!

Subscribe today. Don't Miss Out!
Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!

Latest Whitepaper
Third Party Risk: Too Close for Comfort
You’ve got a handle on many of the potential supply chain "disrupters" that can paralyze your business. But the real risk is embedded in areas you may have overlooked.
Download Today!
From the January-February 2018
While supply chain managers have been slow to integrate digitization in the procurement function, the trend may finally be gaining traction, says a new report.
Get Smart (about replenishment)
The Benefits of Blockchain: Fact or Wishful Thinking?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!


Latest Webcast
Securing IoT data across the connected supply chain
Learn why a holistic approach to IAM is the most effective way to govern access to your systems and information requested by your partners, vendors, customers, and connected devices
Register Today!
EDITORS' PICKS
Maersk Line’s “North America Trade Report” Reveals Supply Chain Strengths
For the U.S., gains will come from retail, chemicals, consumer electronics and grains sectors but...
Supply Chain Managers May Need a “Blueprint” for Innovation
There’s both an art and science to how managers drive innovation in supply chains

Prologis Releases Third Annual Logistics Rent Index Reflecting Supply Chain Pressures
Researchers say the report represents “a year of accelerated growth.”
Reverse Logistics Association Examines “Circular Economy”
“The Circular Economy” is the theme addressed by The Reverse Logistics Association’s (RLA) at...