I recently read that a Grant Thornton report, surveying over 100 senior executives in the UK’s logistics sector, has identified a significant increase in confidence throughout the first half of 2013, compared with the previous six months.
It’s fantastic news that, despite continued cost pressures and increased concerns over market volatility and legislative changes, the majority of those surveyed believe the sector is going to stay stable.
Over a third expect business conditions to further improve throughout the latter half of this year. A majority (71%) of executives forecast revenue growth over the next 12 months and over half (52%) anticipate an increase in profitability within the year.
This positive outlook is expected to drive capital expenditure in the sector, with nearly two-thirds (64%) of respondents looking to make a significant investment over the next six months.
According to their press release, Philip Bird, Director, Corporate Finance at Grant Thornton UK LLP reckons that the ‘UK’s logistics sector is in many ways a barometer of the overall economy. Logistics companies seem to be adopting a pragmatic and proactive approach to growth, as reflected in their capital expenditure and employee plans; and are now seeing the benefits of the leaner operating models that were adopted over the last few years in response to economic conditions.”
Apparently the focus will be on ‘customer service and retention, with the aim of growing alongside clients as the economy recovers’ and it’s ‘driving logisticians to introduce new value-added services to strengthen their market share.’
I can’t help but be excited about this. Our whole business focus is about how we can save our clients in the commercial transport industry time and money – effectively making them smarter and leaner (and therefore richer). If a commercial garage or workshop, or commercial fleet is without a management software system, they really should consider investing in TRACE. We can deliver significant cost savings to the business by reducing the amount of time that staff spend on cumbersome paperwork, meaning they have more time to take on more paying jobs – from a single data entry, TRACE can create an estimate for a body shop and quotation for a workplace. The accepted estimate will create a job and order parts, allocate labour and parts and create the final invoice. Our system gives you a real time view of your mechanics, job progress and inspection reports and these reports can be delivered immediately to your customer with an invoice for speedier decision making or payments. We understand the logistics sector and our software is uniquely designed to meet the needs of commercial garages and workshops, and commercial fleet managers. I guess that’s what the Grant Thornton report got me so excited.
Find out more – we’re always happy to talk to you with no obligation at all to buy. www.tracesystems.co.uk
If you want to read the full Grant Thornton report, it’s here: http://www.grant-thornton.co.uk/en/Media-Centre/News/2013/Confidence-returns-to-UKs-logistics-sector-as-growth-prospects-strengthen/