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As well as reflecting reduced imports from China, this deficit decline raises critical questions about trade levels between the two economies, following the punitive tariffs imposed on Chinese imports in 2018.<\/p>\n However, as new research from DHL indicates, globalization is very much alive. The\u00a0DHL Global Connectedness Report 2024<\/a>\u00a0shows that international trade flows now span longer distances than before the Covid-19 pandemic and extend beyond major geographic regions, defying predictions of increased regionalization. This is largely thanks to the growth of emerging economies and the opportunities they create for further cross-regional exchange.<\/p>\n RELATED ARTICLES<\/strong><\/p> At the same time, trade connectivity continues to expand. DHL\u2019s report found that global connectedness\u00a0\u2014\u00a0measured by the depth and breadth of flows in trade, capital, information, and people\u00a0\u2014\u00a0reached a record high in 2022 and remained close to that level in 2023.<\/p>\n \u201cIn short, rather than retreating from globalization, the world is undergoing a paradigm shift, with Asia Pacific poised to emerge as a key hub for trade growth,\u201d said Ken Lee, CEO, DHL Express Asia Pacific.<\/p>\n Countries in the region are seizing this opportunity to expand and deepen their trading capabilities, strengthening their global connectedness. The fact that Singapore once again retains its position as the world\u2019s most connected country in the Global Connectedness Report 2024 rankings, even after years at the top, is another indicator of globalization\u2019s resilience.<\/p>\n Amidst a softening in trade between the U.S. and China, Asia Pacific markets are stepping up to fill the gap. Vietnam, India, and Malaysia have emerged as key global trade players, attracting companies that are shifting their production away from China.<\/p>\n This is evident from the \u20ac350 million investment from DHL Supply Chain to expand its warehousing capacity, workforce and sustainability initiatives in Southeast Asia. The initiative will expand its current 1.6 million square meters of warehouse space in Southeast Asia by 25 percent, or 400,000 square meters, across facilities in West Java, Indonesia; Penang, Malaysia; the Philippines and Singapore. Moreover, it adds the potential to introduce more than 3,000 job opportunities across the four markets in 2024.<\/p>\n RELATED ARTICLES<\/strong><\/p> Even with China\u2019s decreased share of U.S.-manufactured imports, a significant portion of increased imports from Vietnam and other key markets often comprise components originally sourced from China. Analysis shows<\/a> that while China\u2019s proportion of U.S.-manufactured imports declined from 2017 to 2020, China\u2019s share of value added in goods consumed in the U.S. slightly rose. For example, U.S. imports of laptops from Vietnam surged alongside Vietnamese imports of laptop parts from China between 2017 and 2022.<\/p>\n DHL\u2019s data also reveals that flows across trade, capital, information, and people between the U.S. and China remain substantial. What we see today is a partial unwinding of the unusually high levels of U.S.-China integration that have existed over the past two decades. In fact, they maintain larger flows between them than any other pair of countries without a common border, except for the U.S. and the United Kingdom.<\/p>\n Despite the two nations\u2019 vast geographic distance, as well as cultural and institutional differences, they still remain highly interconnected. DHL\u2019s report shows that in 2023, U.S. researchers collaborated with Chinese colleagues on 12 percent of their international publications, while Chinese researchers worked with their U.S. counterparts on 17 percent. These levels of collaboration exceed those seen in other parts of the world.<\/p>\n With ongoing efforts to strategically de-risk supply chains, global flows also continue at healthy levels. The geographic diversification of production away from China may even boost trade \u2013 as other manufacturing hubs lack the domestic resources of the Chinese market, they must import materials from other countries.<\/p>\n Other Asia Pacific markets stand to benefit from this trend as the region\u2019s trade growth accelerates, strengthening its position as a leading global economic powerhouse and trade hub. Asia alone was projected to contribute 70 percent of global growth in 2023<\/a>, and this year, it is forecast to be the fastest-growing region<\/a> in terms of both export and import.<\/p>\n The recent DHL Express Central Asia Hub expansion underscores the importance of the region\u2019s connectivity. The hub, which is by far the largest infrastructural investment by DHL Express with a total investment of \u20ac562 million, has almost 70 percent more handling capacity and 50 percent more warehouse space than before the expansion.<\/p>\n Some of Asia Pacific\u2019s rapidly expanding economies are now crucial trade partners for the world. India, for example, ranks ninth in the Global Connectedness Report<\/a> on breadth in global merchandise trade. With its status as the fastest-growing large economy, India\u2019s international flows could outpace its domestic activity, placing the country in an increasingly central role in the future of globalization.<\/p>\n RELATED ARTICLES<\/strong><\/p> Crucially, many Asia-Pacific countries have revamped their trade policies, and embraced broad and modern trade agreements. \u201cThis openness to cross-border trade enables them to stimulate economic growth, increase trade volumes, and improve market access opportunities,\u201d noted Lee.<\/p>\n No market exemplifies this proactive policy stance more than Singapore. The city-state\u2019s status as the world\u2019s most globally connected nation in the Global Connectedness Report highlights the effectiveness of its policies in promoting trade and global connectivity. Its outperformance, particularly in trade and capital flows, underscores the significant role of public policy in driving connectedness.<\/p>\n As a leading hub in one of the world\u2019s fastest-growing regions, Singapore\u2019s proactive approach not only reinforces its position as a key player in global trade, but also sets a benchmark for other economies in Asia Pacific.<\/p>\n Globalization remains resilient despite geopolitical tensions and the evolving global trade dynamics. Emerging economies, especially those in the Asia-Pacific region, are set to play an increasingly pivotal role in driving cross-regional exchange.<\/p>\n Maintaining collaboration and openness to cross-border trade will be more essential than ever for sustaining global growth and connectedness.<\/p>\n","post_title":"Softening U.S.-China trade delivers a win for Asia Pacific","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"softening-us-china-trade-asia-pacific-win","to_ping":"","pinged":"","post_modified":"2025-10-20 16:11:54","post_modified_gmt":"2025-10-20 08:11:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/lot.dhl.com\/?p=53026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},"custom":{"thumbnail":false,"title":"","excerpt":"","cta":"Read 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Not many countries can boast of a sector that accounts for more than half of its exports. In Bangladesh\u2019s case, its ready-made garment (RMG) industry contributes significantly to the country\u2019s export earnings, hitting a record high of US$52 billion in 2022. The RMG sector accounts for over 80 percent of all exports through its leading markets, which include the U.S., Germany, U.K., Spain, and France.<\/span>\u00a0<\/span><\/p>\n However, the Bangladesh RMG industry is riffed with various logistics challenges. Due to Bangladesh\u2019s limited infrastructure, the country\u2019s ports, highways, and railways lack modern facilities, and are often congested, resulting in delays and inefficiencies. Unreliable electricity and gas sources have also led to longer lead times and increased costs.<\/span>\u00a0<\/span><\/p>\n The biggest challenge, however, is the logistics to coordinate shipments from different factories and suppliers across the country.<\/span> RMG exporters, particularly for smaller businesses, face the challenge of high transportation costs from factories to ports, and their final destinations.<\/span>\u00a0<\/span><\/p>\n This begs the question: how does Bangladesh maintain the status quo, given its heavy reliance on RMG for its economic growth?<\/span>\u00a0<\/span><\/p>\n To address the fragmented nature of the RMG industry, Container Freight Stations (CFS) have been introduced as a solution to the industry\u2019s budding problems. CFS facilities help to pick up goods from multiple suppliers, consolidating them into single containers before shipping them to their destinations. This helps reduce congestion and delays at the port while improving inventory management and visibility.<\/span><\/p>\n During the CFS process, the garments go through sorting, labeling, and repackaging before they are loaded into a container. To ensure that the importer receives the shipment in prime condition, shipments are closely monitored throughout transit, and customs clearance for the consolidated cargo is expedited under the CFS, reducing the need for multiple customs checks at the port, to ensure that shipments meet their lead times. Upon arrival at the destination country, the cargo is then de-consolidated and transported to warehouses and retail stores to be sold.<\/span>\u00a0<\/span><\/p>\n But there is a dire need for more facilities, with less than 20 such facilities in Bangladesh. To circumvent the logistics challenges in the RMG industry, DHL Global Forwarding has expanded its dedicated Container Freight Station (CFS) space in Bangladesh.<\/span>\u00a0<\/span><\/p>\n The new CFS is housed in Chittagong port, the largest seaport in Bangladesh, which handles over 92 percent of Bangladesh\u2019s import-export trade. It provides a central hub for the consolidation and distribution of goods in the RMG industry<\/span>. <\/span>Most shipments are loaded onto a container aboard a ship and transported to its destination country via ocean freight. Urgent or time-sensitive shipments are transported through DHL Global Forwarding\u2019s gateway warehouse in Tongi, near the Hazrat Shajalal International (DAC) Airport cargo village, to be shipped via air freight.<\/span>\u00a0<\/span><\/p>\n \u201cThe CFS improves shipping conditions for shipments between Bangladesh and major textile export markets by providing a more streamlined and efficient process for managing shipments,\u201d said <\/span>Feroz Jahangir, COO & Head of Value Added Services, DHL Global Forwarding Bangladesh<\/span>. \u201cBy consolidating shipments at the CFS, manufacturers can take advantage of added visibility and value-added services to help streamline the process and reduce costs.\u201d<\/span>\u00a0<\/span><\/p>\n Safety and security are also serious concerns in the RMG industry. Cases of theft and damages to goods were common, and employees handling RMG shipments faced several safety risks, including exposure to hazardous materials and unsafe working conditions. Structural issues with factories and poor working conditions for employees have led to tragic accidents and even loss of life, in the case of the Rana Plaza building collapse in 2013.<\/span><\/p>\n RELATED ARTICLES<\/strong><\/p> As part of its safety priority for its CFS, DHL Global Forwarding provides training to employees and maintains strict compliance with safety and environmental regulations. It also deploys advanced security systems and cameras to minimize safety and security risks. The facility also employs state-of-the-art technology and automated processes to reduce the need for manual handling, minimizing the risk of injury to employees.<\/span><\/p>\n \u201cWe conducted extensive testing to validate its safety and efficacy, with multiple rounds of review and approval, as well as ongoing compliance monitoring,\u201d noted Jahangir.<\/span><\/p>\n On the sustainability front, the new CFS is a sustainable facility, certified by regulatory bodies periodically to ensure compliance with environmental standards. The facilities\u2019 sustainable amenities include battery-driven forklifts that produce nil emissions, transparent roof sheets that allow for daily operations and reduce the need for artificial lighting, and parking facilities that promote carpooling and reduce vehicular emissions.<\/span><\/p>\n The facility also employs measures to minimize noise and air pollution, such as using exhaust fans and regulating moisture and temperature.<\/span><\/p>\n Without a doubt, Bangladesh is growing quickly as a major producer of textile and apparel products in the global market. The Covid-19 pandemic highlighted the importance of diversifying supply chains and reducing reliance on a single source for products.<\/span><\/p>\n This, coupled with the U.S.-China trade war, led to increased tariffs on Chinese products, making them more expensive for U.S. consumers. As such, many companies looked to alternative sourcing options, such as Bangladesh, to reduce their risk and increase flexibility, which created opportunities for Bangladesh to fill the gap in the market as a more affordable alternative.<\/span><\/p>\n But now, as the world enters the endemic stage, China\u2019s reopening may impact the demand and renew the competition for Bangladesh\u2019s RMG products. However, Bangladesh\u2019s affordable labor costs and favorable trade agreements with several countries pose advantages that could help it weather the competition.<\/span><\/p>\n With improved security and greater end-to-end visibility over the supply chain for RMG stocks, the logistics process becomes more efficient and reliable, helping to improve productivity and efficiency while reducing logistics costs.<\/span><\/p>\n \u201cBy reducing the time and cost associated with customs clearance procedures and transportation, the CFS will make it easier to export to these countries, thus helping Bangladesh to expand its export market for RMG and strengthen its trade relationships with key export markets,\u201d said <\/span>Jahangir<\/span>.<\/span><\/p>\n","post_title":"Tailoring a centralized solution for Bangladesh\u2019s ready-made garment industry","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tailoring-a-centralized-solution-for-bangladeshs-ready-made-garment-industry","to_ping":"","pinged":"","post_modified":"2025-08-15 16:52:41","post_modified_gmt":"2025-08-15 08:52:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/lot.dhl.com\/?p=36171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},"custom":{"thumbnail":false,"title":"","excerpt":"","cta":"Read more","linkmail":false,"cta_url":"","email_address":"","outbound_email_subject":""},"select_existing_outbound_links":false}]},{"acf_fc_layout":"wysiwyg","wysiwyg":" 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DHL\u6574\u88c5\u5f85\u53d1\uff0c\u53ef\u968f\u65f6\u4e3a\u4f01\u4e1a\u6ee1\u8db3\u5176\u590d\u6742\u4f9b\u5e94\u94fe\u7ba1\u7406\u9700\u6c42\u63d0\u4f9b\u652f\u6301\u3002DHL\u62e5\u6709\u5e7f\u9614\u7684\u5168\u7403\u7f51\u7edc\uff0c\u53ef\u4ee5\u5145\u5206\u5229\u7528\u6211\u4eec\u4f5c\u4e3a\u9886\u5148\u7269\u6d41\u5408\u4f5c\u4f19\u4f34<\/span>\u7684\u4e13\u4e1a\u77e5\u8bc6\uff0c\u4e3a\u4f01\u4e1a\u63d0\u4f9b\u7aef\u5230\u7aef\u7684\u5165\u5e93\u5230\u5236\u9020<\/span>\u89e3\u51b3\u65b9\u6848\uff0c\u52a9\u5176\u5728\u5168\u7403\u8303\u56f4\u5185\u5b9e\u73b0\u4e1a\u52a1\u591a\u5143\u5316\u3002<\/p>\n"},{"acf_fc_layout":"outbound_box","cards":[{"type":"linked","linked_post":{"ID":53026,"post_author":"1387","post_date":"2024-03-22 19:00:49","post_date_gmt":"2024-03-22 11:00:49","post_content":" Amidst diminishing trade between the U.S. and China, Asia Pacific emerges as a pivotal region driving global trade growth. <\/p> Geopolitical tensions between the U.S. and China have prompted predictions of a new trade war that could fracture the global economy into rival blocs.<\/p>\n The United States\u2019 (U.S.) goods trade deficit with China dropped by 27 percent to US$279 billion in 2023<\/a>, the lowest level in more than 10 years. As well as reflecting reduced imports from China, this deficit decline raises critical questions about trade levels between the two economies, following the punitive tariffs imposed on Chinese imports in 2018.<\/p>\n However, as new research from DHL indicates, globalization is very much alive. The\u00a0DHL Global Connectedness Report 2024<\/a>\u00a0shows that international trade flows now span longer distances than before the Covid-19 pandemic and extend beyond major geographic regions, defying predictions of increased regionalization. This is largely thanks to the growth of emerging economies and the opportunities they create for further cross-regional exchange.<\/p>\n RELATED ARTICLES<\/strong><\/p> At the same time, trade connectivity continues to expand. DHL\u2019s report found that global connectedness\u00a0\u2014\u00a0measured by the depth and breadth of flows in trade, capital, information, and people\u00a0\u2014\u00a0reached a record high in 2022 and remained close to that level in 2023.<\/p>\n \u201cIn short, rather than retreating from globalization, the world is undergoing a paradigm shift, with Asia Pacific poised to emerge as a key hub for trade growth,\u201d said Ken Lee, CEO, DHL Express Asia Pacific.<\/p>\n Countries in the region are seizing this opportunity to expand and deepen their trading capabilities, strengthening their global connectedness. The fact that Singapore once again retains its position as the world\u2019s most connected country in the Global Connectedness Report 2024 rankings, even after years at the top, is another indicator of globalization\u2019s resilience.<\/p>\n Amidst a softening in trade between the U.S. and China, Asia Pacific markets are stepping up to fill the gap. Vietnam, India, and Malaysia have emerged as key global trade players, attracting companies that are shifting their production away from China.<\/p>\n This is evident from the \u20ac350 million investment from DHL Supply Chain to expand its warehousing capacity, workforce and sustainability initiatives in Southeast Asia. The initiative will expand its current 1.6 million square meters of warehouse space in Southeast Asia by 25 percent, or 400,000 square meters, across facilities in West Java, Indonesia; Penang, Malaysia; the Philippines and Singapore. Moreover, it adds the potential to introduce more than 3,000 job opportunities across the four markets in 2024.<\/p>\n RELATED ARTICLES<\/strong><\/p> Even with China\u2019s decreased share of U.S.-manufactured imports, a significant portion of increased imports from Vietnam and other key markets often comprise components originally sourced from China. Analysis shows<\/a> that while China\u2019s proportion of U.S.-manufactured imports declined from 2017 to 2020, China\u2019s share of value added in goods consumed in the U.S. slightly rose. For example, U.S. imports of laptops from Vietnam surged alongside Vietnamese imports of laptop parts from China between 2017 and 2022.<\/p>\n DHL\u2019s data also reveals that flows across trade, capital, information, and people between the U.S. and China remain substantial. What we see today is a partial unwinding of the unusually high levels of U.S.-China integration that have existed over the past two decades. In fact, they maintain larger flows between them than any other pair of countries without a common border, except for the U.S. and the United Kingdom.<\/p>\n Despite the two nations\u2019 vast geographic distance, as well as cultural and institutional differences, they still remain highly interconnected. DHL\u2019s report shows that in 2023, U.S. researchers collaborated with Chinese colleagues on 12 percent of their international publications, while Chinese researchers worked with their U.S. counterparts on 17 percent. These levels of collaboration exceed those seen in other parts of the world.<\/p>\n With ongoing efforts to strategically de-risk supply chains, global flows also continue at healthy levels. The geographic diversification of production away from China may even boost trade \u2013 as other manufacturing hubs lack the domestic resources of the Chinese market, they must import materials from other countries.<\/p>\n Other Asia Pacific markets stand to benefit from this trend as the region\u2019s trade growth accelerates, strengthening its position as a leading global economic powerhouse and trade hub. Asia alone was projected to contribute 70 percent of global growth in 2023<\/a>, and this year, it is forecast to be the fastest-growing region<\/a> in terms of both export and import.<\/p>\n The recent DHL Express Central Asia Hub expansion underscores the importance of the region\u2019s connectivity. The hub, which is by far the largest infrastructural investment by DHL Express with a total investment of \u20ac562 million, has almost 70 percent more handling capacity and 50 percent more warehouse space than before the expansion.<\/p>\n Some of Asia Pacific\u2019s rapidly expanding economies are now crucial trade partners for the world. India, for example, ranks ninth in the Global Connectedness Report<\/a> on breadth in global merchandise trade. With its status as the fastest-growing large economy, India\u2019s international flows could outpace its domestic activity, placing the country in an increasingly central role in the future of globalization.<\/p>\n RELATED ARTICLES<\/strong><\/p> Crucially, many Asia-Pacific countries have revamped their trade policies, and embraced broad and modern trade agreements. \u201cThis openness to cross-border trade enables them to stimulate economic growth, increase trade volumes, and improve market access opportunities,\u201d noted Lee.<\/p>\n No market exemplifies this proactive policy stance more than Singapore. The city-state\u2019s status as the world\u2019s most globally connected nation in the Global Connectedness Report highlights the effectiveness of its policies in promoting trade and global connectivity. Its outperformance, particularly in trade and capital flows, underscores the significant role of public policy in driving connectedness.<\/p>\n As a leading hub in one of the world\u2019s fastest-growing regions, Singapore\u2019s proactive approach not only reinforces its position as a key player in global trade, but also sets a benchmark for other economies in Asia Pacific.<\/p>\n Globalization remains resilient despite geopolitical tensions and the evolving global trade dynamics. Emerging economies, especially those in the Asia-Pacific region, are set to play an increasingly pivotal role in driving cross-regional exchange.<\/p>\n Maintaining collaboration and openness to cross-border trade will be more essential than ever for sustaining global growth and connectedness.<\/p>\n","post_title":"Softening U.S.-China trade delivers a win for Asia Pacific","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"softening-us-china-trade-asia-pacific-win","to_ping":"","pinged":"","post_modified":"2025-10-20 16:11:54","post_modified_gmt":"2025-10-20 08:11:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/lot.dhl.com\/?p=53026","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},"custom":{"thumbnail":false,"title":"","excerpt":"","cta":"Read more","linkmail":false,"cta_url":"","email_address":"","outbound_email_subject":""},"select_existing_outbound_links":false}]}],"category":4531,"business_units_bu-related":[5106],"topic_tags":false,"products":false,"topical_trends":false},"yoast_head":"\n\u5730\u7f18\u653f\u6cbb\u5c40\u52bf\u7d27\u5f20\uff0c\u5168\u7403\u53bb\u98ce\u9669\u8d8b\u52bf\u660e\u663e<\/b><\/strong><\/h2>\n
![\"Friend-shoring](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2024\/05\/Nearshoring-1200-x-630-3.jpg\")
Asia-Pacific markets rise<\/h2>\n
![](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2025\/03\/lot_67ca5f108e87a8.32137255.jpg\"\/)
<\/figure><\/a>Continued connectivity amidst changing dynamics<\/h2>\n
![\"The](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2024\/03\/GCR-US-China-trade-flow-1024x617.jpg\")
Driving global trade growth<\/h2>\n
![](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2023\/11\/southeast-asia-ultimate-plus-one-destination-key-image.jpg\"\/)
<\/figure><\/a>Championing proactive trade policies<\/h2>\n
![\"Singapore,](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2024\/03\/easing-us-china-trade-asia-pacific-win-singapore-1024x538.jpg\")
Embracing global shifts<\/h2>\n
\u5173\u7a0e\u52a0\u7801\uff0c\u5e72\u9884\u8d38\u6613\u8d70\u5411<\/b><\/strong><\/h2>\n
\u201c<\/b><\/strong>\u4e2d\u56fd\u52a0\u4e00<\/b><\/strong>\u201d<\/b><\/strong>\u653f\u7b56<\/b><\/strong><\/h2>\n
![\"Many](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2024\/05\/Nearshoring-1200-x-630.jpg\")
\u4e00\u4e9b\u8fd1\u5cb8\u5e02\u573a\u5907\u53d7\u77a9\u76ee<\/b><\/strong><\/h2>\n
![\"Traffic](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2023\/07\/RMG-IN2-1024x538.jpg\")
Streamlining the RMG supply chain<\/span><\/b><\/h2>\n
![\"\"](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2023\/07\/CFS-Infographic-1024x750.png\")
<\/p>\nPaving the way for a safe and sustainable RMG industry<\/span><\/b><\/h2>\n
![](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2019\/05\/Article-Key-Image-765871618.jpg\"\/)
<\/figure><\/a>![\"Various](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2023\/07\/Picture1.jpg\")
The future of Bangladesh\u2019s RMG export industry<\/span><\/b><\/h2>\n
![\"As](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2023\/07\/RMG-IN1.jpg\")
![\"Logistics](\"https:\/\/lot.dhl.com\/wp-content\/uploads\/2024\/05\/Nearshoring-1200-x-630-1.jpg\")
Asia-Pacific markets rise<\/h2>\n
<\/figure><\/a>Continued connectivity amidst changing dynamics<\/h2>\n
Driving global trade growth<\/h2>\n
<\/figure><\/a>Championing proactive trade policies<\/h2>\n
Embracing global shifts<\/h2>\n