Volatility tests the confidence of a resilient sectorConfidence Indexes
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Ten years after the inaugural launch of the UK Logistics Confidence Index, this year’s overall result has slipped to 50.4 from last year’s highly optimistic score of 62.5, reflecting a sense of realism in the sector as it readjusts to the challenges of high inflation, soaring energy prices and a more uncertain economic landscape.
It’s fair to say that there are still reasons for optimism, despite the gathering clouds on the economic horizon and ongoing concerns around skills shortages and the labour market. There is currently still growth in the UK logistics market with some areas of very strong demand, with many operators well positioned to take advantage of this.
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Barclays is proud to be the chosen corporate banking partner of more than half of the top 50 transport and logistics companies in the UK. Barclays has long-standing experience of the complexity and competitiveness of this sector and the financing solutions needed to grow within it.
BDO has industry expertise across shipping, rail and road, aviation and logistics, advising clients in every area of the industry. This includes ship owners and operators, ports and port agents, hauliers, contract logistics and 3PLs, through to air, rail and bus passenger transport companies, as well as the businesses that support them such as technology and automation providers.