Good News Department: Consumer Confidence in Logistics Grows
Consumer confidence in logistics continues to grow - 15 percent in the first half of 2013. That's great news as the U.S. economy continues to show signs that it's bouncing back. That's a great shot in the arm for all businesses. That's on top of today's news that the Commerce Department has sharply revised - upwards - 2nd Quarter GDP figures.
The Logistics Index & Consumer confidence
The Logistics Confidence Index, commissioned by business and financial advisers Grant Thornton and Barclays found that 71 per cent of executives in the logistics sector forecast revenue growth over the next 12 months and over 52 per cent anticipate an increase in profitability within the year. With peak season and the holiday shopping rush on the horizon, the news has shippers hoping that the economic good times will continue to roll. The study also found that 43 percent of those interviewed expect to add to their payrolls in the next 6 months. What's the greatest challenge? Margins, according to those polled. As the logistics business looks straight down the barrel at the holiday season, let's hope that consumer confidence continues to rise across the board. As always, we're here to help. Sign up to our newsletter for regular updates on logistics news and supply chain analysis.
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