Logistics Firms Anticipate Growth in 2013: Reports

Individuals in manager jobs in logistics in the UK are amongst those who drive the economic recovery forward, indicated a report. According to the research study conducted by Transport Intelligence and Kewill, professionals in freight and logistics industries are quite enthusiastic about the 2013 economic outlook for they expect expansion opportunities will thrive in this year.

Over three quarters anticipate business growth to continue in 2013 as well and as per most respondents expansion will be facilitated by organic approach instead of through mergers and acquisitions.

"With over two thirds of companies surveyed expecting growth in the next 12 months and the majority of smaller firms feeling more optimistic - including 90 per cent of 4PLs [fourth party logistics] and over 80 per cent of freight forwarders and 3PLs [third party logistics] - the outlook for the logistics and transport industry is looking up," commented Joel Ray, head of consultancy at Transport Intelligence.

But, Kewill's solution manager for global trade and logistics, Gerry Daalhuisen commented achieving growth requires time and resources to be invested on it. This is something that cannot be just handed over to businesses. "What the logistics industry must take into consideration, in particular the mid-sized organisations with 251 to 500 employees that are most likely to have grown in the past two years and are most likely to grow in the coming year, is that the companies who re-invested in their business and focused on expansion were the ones who reaped the rewards," said Gerry. He further added, technology investment is now imperative for companies to be able to thrive in a challenging global market of today.

In the meantime, supporters of the plans to develop a “World Logistics Hub at Manchester Airport" could soon be celebrating following the reports of the proposals being recommended for approval by local authority planners.

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