Logistics plays a fundamental role in the development of all countries in the world.
Events triggered by the Coronavirus pandemic have made businesses re-evaluate the importance of Logistics. Its two major functions, transport and warehousing have become a central part of companies’ strategy.
This study examines the recent evolution of the sector, combining the results of surveys and interviews completed in 6 countries (China, Brazil, Germany, Italy, Poland, and the United Kingdom).
Essential to the Global Economy
Logistics is central to all countries’ development - facilitating growth and increasing competitiveness.
Now worth $8.6 trillion globally, Logistics has grown exponentially in recent years and is set to continue in the immediate future, growing 10% on 2022 values to reach 9.9 $8.6 trillion by 2024.
The two main drivers of this trend are:
- Increasing freight volumes
- Rising prices due to growing demand from the eCommerce sector
Lack of general and specialized workers
The inability to find workers is a major global concern for logistics companies. It affects roles traditionally described and blue-collar, but also key skilled workers, and is due in part to the misconception that work in transport or warehouses is physically demanding.
The specialised profiles currently with the highest demand, include:
- Customer care experts
- Data analysts
- Logistics engineers
- Cyber security experts
- Experts in growing technologies (eg. automation)
Worker satisfaction contrary to the public view of logistics jobs
Although its impact on society and the economy is widely accepted, jobs in Logistics are still considered as low-skilled and physically strenuous, making it an unattractive sector in which to work.
This traditional view is in stark contrast with the results of the study, where the majority of Logistics workers expressed satisfaction with their roles.
The need for an effective training policy
In Logistics, training is important both for improving the skills of existing employees and as a way of attracting new workers. Companies are now developing their training portfolios, making use of internal and external resources, including public and private institutions, like universities and technical schools.
From a workers’ point of view, the survey reveals that 69% of those employed in the logistics sector consider training and continuous learning very important in order to stay up to date.