Freight News, Logistics

Logistics confidence plummets

[ June 7, 2016   //   ]

Confidence in the UK’s logistics industry is at a four year low, according to the Barclays 8th annual Logistics Confidence Index published on 7 June. The index has fallen significantly to 51.8 in the first half of 2016, down from 61.9 in the second half of 2015, the largest drop ever in the biannual barometer.  Logistics operators are struggling with downward price pressure, fierce competition and cost increases and 49% of logistics operators say that business conditions are more difficult than six months ago – an increase of 30%s compared to when the question was asked in the first half of 2015. Operators are concerned about the impact of the UK’s EU referendum and a dampening of demand in China and the Eurozone.

But the sector is investing in technology and new value-added services.