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Irish logistics businesses have seen their overhead expenses rise by 5.9% over the past 12 months, according to The Manager’s Guide to Distribution Costs 2020. The report is published by FTA Ireland (FTAI) and produced in partnership with KPMG, BWG Group, ENPROVA and Analytiqa.
Aidan Flynn, General Manager of FTAI, comments: “Between the disruption of the COVID-19 pandemic and the uncertainty surrounding the end of the Brexit transition period, the logistics sector is facing a challenging period. To stay competitive, resilient and profitable in this uncertain economic environment, businesses must have a full understanding of their day-to-day operational costs; this is critical to aid strategic thinking and planning processes. By surveying managers from across the haulage, distribution, manufacturing and retail sectors, The Manager’s Guide to Distribution Costs 2020 provides a comprehensive benchmark of average costs.”
Minister of State for Transport, Hildegarde Naughton TD, comments: “This guide is full of detailed information that will help the freight, transport and logistics sector to benchmark the costs of doing business at a time when the sector is facing unprecedented challenges posed by both COVID-19 and Brexit.”
In relation to alternative fuels, she notes: “It is most interesting to read the survey results and to see that there is now significant interest on the part of respondents in exploring the potential of alternatively-fuelled vehicles. In order to support hauliers to transition to low-emission technologies, my department is currently progressing a grant that will help to bridge the cost differential between conventional and alternatively fuelled vehicles. This grant will be made available in 2021 and will complement Government-supported programmes for the roll-out of alternative fuel infrastructures.”
To view further insight from the latest FTAI Manager's Guide to Distribution Costs report, please click here.