Why the logistics industry can’t let Brexit bring them down
15 July 2019
In his latest blog, our group CEO Graham Martin examines the latest Logistics Confidence Index and gives his thoughts on why the logistics industry can't let Brexit bring them down.
Here's just a snippet to whet your appetite:
"It was reported recently that “optimism in the logistics industry has fallen to its lowest level on record”; that’s according to the latest Logistics Confidence Index by Barclays and business advisory firm BDO.
"The report cites ‘challenging business conditions’ and ‘Brexit fears’ for the sector’s slump in confidence, which critically, has dipped below 50 for the first time ever. This essentially means that the logistics sector is more pessimistic than optimistic about the state of the market.
"It’s important to acknowledge what the Index is telling us, as the likelihood of a ‘No Deal’ Brexit (according to reports) may now have increased, and if that’s true, there will be an impact. However, I still believe that Brexit is a real opportunity for organisations (particularly those in high-performance industries) to gain a significant competitor advantage. Brexit is, after all, the latest in a long list of disruptive forces to have shaped the logistics space in recent years, but how organisations prepare and respond to the changes, will define how they succeed in the future."