‘Build your defences now before downturn really bites,’ struggling sector warned


Transport firms should be preparing to safeguard their operations from economic decline as the country teeters on the edge of recession, according to Bibby Financial Services (BFS). It said rapidly rising inflation, persistent supply chain issues and labour shortages would worry many businesses – and with a potential recession looming, hauliers should act now to maintain their resilience. Latest research from BFS showed that almost half of all transport SMEs (46%) described themselves as ‘just about breaking even’ and 12% […]