Logistic sector on a roll
Warehouse & industrialCBRE and Panattoni Europe and research company Analytiqa have published the “Poland Logistics Confidence Index 2017”, in which they examine how companies in the logistics sector view the current market, as well as their plans and expectations for the development of the sector. The report I based on a survey of 50 senior managers (including CEOs and managing directors) of the largest and most active businesses from the sector. The survey confirmed a positive business outlook is prevalent in the sector. The Logistics and Supply Chain Confidence Index Poland 2017 was estimated at 60.7 pct, with the level of confidence for logistics operators standing at 62.1 pct, and that of manufacturers and traders standing at 59.1 pct. Poland scored very well compared to other European countries where similar surveys were conducted, overtaking Ireland (60.4) and the UK (56.7). Respondents gave high scores for investment attractiveness with as many as 64 pct of those surveyed believing that Poland has competitive advantage as an investment destination compared to other countries of the European Union. Those surveyed were asked not only for an assessment of the current market in Poland, but also of their future expectations for the sector. The survey helped identify the key factors that directly determine the confidence levels in organisations. Respondents were asked to outline their development expectations for the year ahead in terms of four categories: change in revenues, profitability, anticipated capital expenditure, as well as predictions regarding employment. Many in the sector believe it will grow in the immediate future. There are high levels of optimism in regard to turnover with as many as 94 pct of respondents expecting it to grow and this is accompanied high optimism for profitability (70 pct of those surveyed predict their profits will go up). More than three quarters of respondents expected investment in logistics and supply chains, and a substantial majority (62 pct.) expected to increase their staff. Despite the optimism, companies are expecting a number of challenges over the coming 12 months. Businesses expect labour shortages leaders and high levels of competition for new locations. Companies are planning to improve their businesses through better customer relations and increases in employee productivity, while technology is seen as a way to answer the challenges brought about by the development of e-commerce.
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