GLOBAL FINANCIAL CRISIS AND ITS EFFECTS ON FREIGHT FORWARDERS

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GLOBAL FINANCIAL CRISIS AND ITS EFFECTS ON
FREIGHT FORWARDERS
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ACCORDING TO UN

• CRISIS of
  the CENTURY..

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ACCORDING TO IMF

• THE WORST DEADLY FINANCIAL SHOCK EVER SINCE
  1930S TO DATE

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CURRENT PICTURE OF THE WORLD ECONOMY
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GIANT EMERGING ECONOMIES

• China
• Russia
• Brazil
• India

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G-7 COUNTRIES

• USA
• Canada
• Italy
• Japan
• France
• Germany
• United Kingdom

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Gulf Cooperation Council Countries

• Saudi Arabia
• Bahrain
• Qatar
• Kuwait
• United Arab Emirates
• Yemen
• Oman

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CURRENT STANDING of CENTRAL and EASTERN EUROPEAN
COUNRIES

• European Reconstruction and Development Bank
  revised and dropped down ealier growth estimate
  figures for the region as a whole..

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RESULTS OF ECONOMIC DOWNTURN UNEMPLOYMENT
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EFFECTS OF GLOBAL CRISIS ON THE WORLD
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TURKEY

• This year will it to be able to attain the
  foreign trade volume figures reaching
• nearly to USD 350 Billion posted in 2008 ?

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TURKEYS FOREIGN TRADE VOLUME ( in USD Billions )
2003 2004 2005 2006 2007 2008
Exports 47,3 63,2 73,5 85,5 107,3 132,0
Imports 69,3 97,5 116,8 139,6 170,0 201,8
Volume 116,6 160,7 190,3 225,1 277,3 333,8
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TIMES OF CRISIS EVERYWHERE ON THE WORLD
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FREIGHT FORWARDERS AND LOGISTICS OPERATIONS

• How can we manage to sustain our business volume?
• What can be done in those areas of vocational
  improvement ?

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TO RUN THE BUSINESS

• Secure steady cash flow
• Put emphasis on qualified workforce

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• Old fashioned management habits
• should change..

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• Thank you for your interest and attention
• Kostas SANDALCIDIS