Optimism in the logistics sector is at its lowest level in 12 years, according to the latest Logistics Confidence Index, with companies citing uncertainty over Brexit and the ongoing driver shortage as key contributors to falling levels of confidence. The index, produced by Barclays and BDO, is based on a survey of more than 100 logistics industry leaders. It assesses respondents’ confidence in the sector using a score from nought to 100. Any number over 50 indicates an improvement, whilst […]
The UK’s automotive supply chain faces a huge shock in the event of a no-deal Brexit, warn associations
A no-deal Brexit will cause “massive logistical problems” in the automotive supply chain, with manufacturers facing a choice of either absorbing significant rising costs in the movement of vehicle parts or passing them on.
Senior management at road transport operators in the UK do not believe that Brexit will damage their growth prospects in the short or medium-term, with a majority anticipating significantly or slightly better growth in 2018 and 2019.