Mystery Shopping in the Ocean Freight Market
China’s economy has been facing severe headwind in the last few years. The GDP growth rate in Q3 2015 dropped below seven percent for the first time since 2009. Slower economic growth is becoming the new normal. Because the off-highway-vehicle industry highly depends on economic development, it is facing mounting challenges in terms of topline growth. Take construction equipment for example, the sales in 2014 dropped about 20 percent compared to 2012. Overcapacities in production inherited from periods of fast growth, coupled with sluggish domestic demand, are causing original equipment manufacturers (OEMs) of off-highway-vehicles many problems.