With the recent appreciation of the US dollar and the accompanying stiffening economic headwinds across much of the developing world, lately the BRIC nations have lost some of their original lustre in the eyes of global organisations. With the exception of India, the perspective on these markets is gloomier than it has been for some time: China is struggling; Brazil and Russia are really struggling.
The changing mood on the BRIC countries has caused many executives to begin exploring what opportunities exist in other developing countries and regions of the world. To this end, SCM World recently conducted research on the next set of markets on the growth radars of multinational companies. We wanted to understand the opportunities that lie beyond the BRICs and the advanced economies of the G7 nations.
Using data from our Chief Supply Chain Officer study, we created a list of the next 12 most intriguing growth markets in the eyes of the supply chain community. These include, from the top: Mexico, Indonesia, Turkey, Saudi Arabia, Argentina, Vietnam, Malaysia, Poland, Chile, Thailand, Bangladesh, and Colombia.