lobal trade is undergoing phenomenal changes. Despite recent short-term economic weakness. companies are optimistic about long-term prospects, especially in emerging markets where disposable income is rising. "According to a McKinsey Global Institute report, in 15 years almost 60 percent of the roughly 1 billion households in emerging markets will have incomes greater than $20K a year. That's a significant step up from where it's at today," says Steve Flowers, President, UPS Global Freight Forwarding. "There are significant growth opportunities in emerging markets projected against the developed markets through the next 12 years."
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