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The latest issue of CSCMP’s Global Perspectives focuses on the West European region called Benelux, which is composed of Belgium, The Netherlands, and Luxembourg. The name is formed from the beginning of each country’s name, and was created for the Benelux Customs Union in 1948. Benelux is an economic union in Western Europe that includes these three neighboring monarchies.
The Benelux countries have a long history of heavy involvement in international trade. Commonly known local products include tulips, beer, and chocolates, but few people realize that the Benelux countries, combined, rank as number four in their share of world trade—after the US, Germany, and China.
Today, the Benelux countries are considered a vital gateway to Europe when it comes to logistics. The seaports and airports handle about 60% of all the goods transported to the main economic centers in Northern and Western Europe. Over 60% of the European distribution centers servicing five or more countries are located in this relatively small area.
For many international companies, Europe can be an interesting but complex market. Besides showcasing Benelux, this issue of Global Perspectives also provides insights into the European market and explains the major trends in European distribution today. Logistics structures in Europe are increasingly becoming centrally managed networks with decentralized operations. Companies’ need to be agile and cost effective requires leveraging as many opportunities as possible for effectively managing their supply chains—opportunities such as those in Benelux.
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