Lack of warehouse building activity in Scotland has seen rents for 10-50,000ft² warehouses in Scotland grow three times faster year-on-year than the UK average. According to commercial property firm Colliers International, the lack of warehousing was hampering growth in the retail distribution sector. Prices for prime industrial space rose on average 7.7% in the 12 months to July 2017, compared to a rise of 2.3% in the UK as a whole, to the current Scotland average of £7.59 per ft². This […]
Logistics and transport sector must build on a new level of awareness created by the Covid-19 pandemic
Back in February, before the UK’s nationwide Covid-19 lockdown, internet sales as a percentage of total retail sales stood at just 18% and few people understood (or cared) how the goods they ordered online, or picked from the supermarket shelf, actually arrived at their final destination.
The UKWA has said the decision to leave the EU will have “serious global implications” that will bring “new challenges” to the British transport and warehousing industries.
Gefco UK has attributed a drop in turnover and profit to “Brexit-related” concerns and new accounting procedures.