World trade predicted to swing back to West

World trade patterns
could change again if, as
predicted by Chris Kuehl,
economic analyst for the
US-based Fabricators
& Manufacturers
Association (FMA),
China loses its
competitive pricing edge
over the United States by
2016.
This will have farreaching
repercussions
for the whole logistics
industry, including
shipping.
Kuehl’s statement
comes at the same
time as the IMD World
Competitiveness Centre
based in Lausanne,
Switzerland, scored
Hong Kong and the US
with 100 points each
in the centre’s 2011
World Competitiveness
Yearbook.
They are followed by
Singapore with 98.6 and
Sweden with 94.1.