Raport Confidence Index 2024_english veriosn

LOGISTICS AND SUPPLY CHAIN CONFIDENCE INDEX 2024

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3.1 The Economy, Trading Conditions and Investment

When asked about their company’s performance, the biggest share, 67% of respondents, stated that increased fuel and energy prices are having a negative impact. Last year, this category came ranked in the third place. Increased labour costs were selected by 62% as having a negative impact and was the second most chosen category in the negative sense (last year it was selected the biggest negative impact). Changing economic conditions and economic uncertainty is also having a significant negative impact for 55% of respondents. Whilst inflation and price

pressure is having a negative impact on over one-half of respondents, this appears to be less of a negative issue than last year, as last year this was the second top result (76%) and this year it came in fourth with 54%. For 39% of respondents, transport capacity issues deliver a positive impact on their company’s performance and warehouse and storage capacity driving positive impacts for 33%.

Figure 12. To what extent are the following currently having a significant positive or negative impact on your company’s performance?

Warehouse / storage capacity

55%

33%

12%

Managing disruption in supply chains

72%

14%

14%

Transport (road, rail, air or ocean) capacity Payment terms / bad debts from customers

43%

18%

39%

74%

6%

20%

45%

18%

37%

International freight prices

54%

2%

44%

Staff shortages

36%

10%

54%

Inflation and price pressure

Changing economic condi tions and uncertainty

55%

31%

14%

28%

10%

62%

Increased labour costs

Increased fuel and energy prices

4%

67%

29%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Significant negative impact

Little or no impact

Significant positive impact

As for the impact of geo-political events on their business 72% of our respondents stated that a key consequence of geo political events is “higher operating costs” posing a slightly lower potential damage from last year’s responses (decrease by 8 percentage points). “Shortage and/or low availability of workers” was the second most

often chosen option by 42% - higher by 6 percentage points from last year. “Loss of business/customers” is an issue for 32% of the respondents. “Disruption to international supply chains” and “more expensive borrowing/finance costs” which were last year selected by 32% of our respondents, are now viewed as less pressing issues.