Home / Knowledge / News / Textiles / Asia Pacific Global Hubs to Remain Dominant: CBRE
Asia Pacific Global Hubs to Remain Dominant: CBRE
09
Dec '15
CBRE's Asia Pacific Logistics Hubs 2015 report reveals that Asia Pacific's global hubs share strong similar characteristics, while improvements in infrastructure, stronger population growth - particularly in China - and additional trade agreements between nations are helping to normalize the differences between these global hubs, making them more equal in logistics importance.

CBRE, the world's largest commercial real estate services and investment firm, developed a new model for ranking the region's logistics hubs based on primary demand drivers: infrastructure developments, market demand and the business environment. The report categorizes hubs as global, regional or local.

Based on the CBRE logistics hubs model, there are currently eight logistics hubs in Asia Pacific ranked as global - Greater China's Hong Kong, Guangzhou, Shanghai, Shenzhen, Tianjin; Japan's Tokyo, Osaka-Kobe; and Singapore. The report finds that these hubs will continue to dominate in 2030. However, other emerging regional and local hubs, such as China's Chengdu, Fuzhou, Hangzhou, Ningbo; India's Delhi, Mumbai; South Korea's Busan; and Vietnam's Ho Chi Minh City, are also growing in importance due to the shift in low-end manufacturing, rising consumption power, infrastructure and policy developments.

“We expect the current dominant global hubs to remain strong in 2030,” says Dennis Yeo, Managing Director, Industrial & Logistics Services, CBRE Asia. “The drivers of infrastructure, market demand and the business environment are expected to remain robust in these hubs. These hubs are located along the major trade corridors, connected to major international transportation networks, contain large amounts of prime logistics space and have a variety of sophisticated logistics operators.”

The relatively stronger population growth and migration rate into the Chinese global hubs - Guangzhou, Shanghai and Shenzhen - are making these hubs more consumption driven. In Japan, despite low population growth, Tokyo is still forecast to be the largest urban agglomeration in the world in 2025, which helps the city remain a prime consumer market. Furthermore, in addition to China opening more free trade zones, recent negotiations were concluded on the Trans-Pacific Partnership (TPP). The world's largest free trade agreement is expected to increase trade flows and lower cost of goods for participating Asia Pacific countries. China and Japan are also spending heavily on infrastructure and gradually reducing tariffs to support the movement of goods.

According to the report, while the current global hubs will remain dominant in 2030, several emerging hubs are set to rise in significance, regionally and locally.

Must ReadView All

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Textiles | On 18th Jan 2017

Schoeller unveils water-repelling fabric ‘bling’

Schoeller textiles, Swiss textile company, has released its new...

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search