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


Email: [email protected]
Phone: 1-847-559-7581
Fax: 1-847-564-9453
Mail: Peerless Media, PO Box 677, Northbrook, IL 60065-0677 · USA

Make checks payable to "Peerless Media" for all subscriptions.



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.

More IHS Markit Musings on Global Economy

“Emerging markets cannot seem to catch a break,” reports IHS. "During September, many currencies, including the Russian ruble, South African rand, and Turkish lira, saw gains against the dollar—only to reverse course in October.

By ·
By ·

The risk of a “no deal” Brexit is on the rise. Reflecting the tougher outlook, IHS Markit has reduced eurozone real GDP growth rates in 2019–21 by an average 0.2 percentage point a year. The eurozone economy is projected to expand 2.0% in 2018, 1.6% in 2019, and 1.3% in 2020.

At the same time the trade war is beginning to take its toll, say economists. The latest U.S. import tariffs on $200 billion of Chinese goods are being imposed in two phases—10% last September, and rising to 25% on January of 2019.

These tariffs will have a direct impact of shaving 0.3 percentage point off real GDP in 2019. This negative effect will be partially offset by the government’s stimulus policies.

Beijing has announced personal income tax cuts, as well as increases in export tax rebates on a select list of products. The People’s Bank of China has also lowered the reserve requirement by 100 basis points for many banks, aiming to increase liquidity.

The trade war’s spillover effects have been visible. Business confidence is slipping, the growth in fixed asset investment has slowed sharply, and China’s currency and stock market have been hit hard. Real GDP growth is projected to slow from 6.7% in 2018 to 6.1% in 2019 and 6.0% in 2020.

Other large emerging markets may also be heading for the “perfect storm,” says IHS Markit.

“Emerging markets cannot seem to catch a break,” reports IHS. “During September, many currencies, including the Russian ruble, South African rand, and Turkish lira, saw gains against the dollar—only to reverse course in October.

A variety of factors are to blame for this new reversal of fortune. First, U.S. long-term interest rates have risen steadily in the past month. In turn, the U.S. dollar has strengthened and emerging-market bond yields have risen to their highest levels in four years. This has exacerbated the burden of dollar-denominated debt in many emerging markets.

Second, the recent surge in oil prices is becoming a major drag on oil-importing countries, especially those in the emerging world. Even countries whose finances are relatively strong, such as India, are affected. Given that IHS Markit predicts oil prices to remain high and global interest rates to keep rising.

“The pain will not end anytime soon,” conclude these economists.


About the Author

Patrick Burnson, Executive Editor
Mr. Burnson is a widely-published writer and editor specializing in international trade, global logistics, and supply chain management. He is based in San Francisco, where he provides a Pacific Rim perspective on industry trends and forecasts. He may be reached at his downtown office: [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
2024 Supply Chain Management Readiness Index
Lack of predictive view leaving organizations vulnerable to disruption
Download Today!
From the March-April 2024
Boeing is providing a real-time case study on why supply chain diligence is vital to the health of your organization.
It’s high time to go beyond visibility
Driving supply chain flexibility in an uncertain and volatile world
View More From this Issue
Latest Webcast
How to design & optimize your supply chain
In this webcast, Tompkins will share his insights from his storied career and help you apply these lessons to today's supply chain.
Register Today!
EDITORS' PICKS
Cargo Shipping Remains on Hold in Baltimore Following Bridge Collapse
Commercial traffic, both on land and sea, will be impacted for some time
Maximizing the Bottom Line: The Power of Procurement
Effective management of sourcing activities can deliver lasting P&L impact and push businesses to a...

Baltimore Bridge Collapse Latest Supply Chain Disruption
Supply Chains brace for economic impact as governor declares state of emergency
6 Questions With … Tom Plotkin
Covington expert on due diligence talks ESG and supply chain compliance