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May-June 2018
Last month, I was in Atlanta at the Modex trade show. In one sense, it is a tribute to the automation technologies managing today’s distribution networks. And, I’m not only talking about automated materials handling systems, but also the software and NextGen technologies such as robotics, wearable technologies, including smart glasses and augmented reality solutions and sensors enabling the Internet of Things. In another sense, all of these solutions are coming together to drive fulfillment. With the increase in e-commerce, getting the right product to the right customer at the right time has never been more important. Browse this issue archive.Need Help? Contact customer service 847-559-7581 More options
As expected, oil markets continued to tighten over the course of the first quarter, and there is every reason to expect that markets will remain tight through the rest of the year. Consequently, oil prices will continue to face upward pressure, and—perhaps even more importantly—oil prices will become even more sensitive to geopolitical disruptions.
Strong global demand
Strong global demand has underpinned the nearly 60% oil price increase that has occurred since last summer. Over the course of last year, global oil consumption grew by 1.8%, and demand was 2.1% higher in the first quarter of 2018 than it was in the first quarter of 2017.
A continued strengthening of the global economy should correlate to a slight acceleration in global oil consumption through the end of the year. While world GDP grew by a healthy rate of 3.7% in 2017, the consensus outlook among 10a investment banks is for the world economy to grow by 4.0% this year.
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Sorry, but your login has failed. Please recheck your login information and resubmit. If your subscription has expired, renew here.
May-June 2018
Last month, I was in Atlanta at the Modex trade show. In one sense, it is a tribute to the automation technologies managing today’s distribution networks. And, I’m not only talking about automated materials… Browse this issue archive. Access your online digital edition. Download a PDF file of the May-June 2018 issue.As expected, oil markets continued to tighten over the course of the first quarter, and there is every reason to expect that markets will remain tight through the rest of the year. Consequently, oil prices will continue to face upward pressure, and—perhaps even more importantly—oil prices will become even more sensitive to geopolitical disruptions.
Strong global demand
Strong global demand has underpinned the nearly 60% oil price increase that has occurred since last summer. Over the course of last year, global oil consumption grew by 1.8%, and demand was 2.1% higher in the first quarter of 2018 than it was in the first quarter of 2017.
A continued strengthening of the global economy should correlate to a slight acceleration in global oil consumption through the end of the year. While world GDP grew by a healthy rate of 3.7% in 2017, the consensus outlook among 10a investment banks is for the world economy to grow by 4.0% this year.
SC
MR
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