Logistics

85% of Logistics UK members suffered business losses in 2020

Logistics UK has released a report which details how in March 2020, 85% of respondents to its Covid-19 survey revealed their business declined, with work and orders cancelled.

The report combines national statistics and analysis conducted for Logistics UK, in addition to data from surveys conducted with the group’s members in the first ten weeks of lockdown, as well as its monthly logistics performance tracker surveys.

The research revealed how in the early stages of the Covid-19 restrictions, 60% of the group’s members said that by the end of May their business and trading was still heavily affected by supply chain disruptions.

Elizabeth de Jong, director of policy for Logistics UK, said: “Despite facing significant operational and financial disruption since March 2020, the logistics industry has stepped up to ensure it continues to supply the nation with the goods it needs, including food supplies and PPE.

“The Covid-19 crisis has highlighted how critical our industry and its people are to the success of the economy; Logistics UK is proud of the way in which its member businesses, and the wider industry, have worked together to service the needs of the nation during this critical time.”

She added: “To deal with the Covid-19 crisis, logistics businesses managed risk by scaling back operations, taking work back in-house and reducing their reliance on third-party services; many also focused activity on their core fleet of vehicles to save costs.”

 

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