Logistics drives growth
Logistics underpins our economy and is fundamental to our way of life. It supplies our hospitals, schools, factories, construction sites, shops and homes with everything they need, everywhere, every day – nothing moves without it.
Logistics is one of the UK's largest economic sectors and employers, with its key hubs providing a catalyst for further growth and investment, helping places to thrive. It comprises more than 200,000 businesses, contributes £185 billion to the economy each year and employs 8% of the UK workforce.
The efficiency of logistics and the growth potential of the economy are completely intertwined. Due to this relationship, Oxford Economics has found that getting the policy and infrastructure environment right for logistics would unlock up to £8 billion a year in productivity-led growth. However, we are not currently going in the right direction. The UK fell from 4th to 19th place in the World Bank Logistics Performance index over the past decade, largely as a result of border friction and underinvestment in transport corridors.
To unlock the UK’s potential, the logistics sector is calling for:
- A long-term infrastructure strategy and planning reform.
- A fair transition to a green economy.
- A reformed skills system to support a thriving sector.
- A trade strategy that supports economic growth and resilience.
The logistics sector's priorities to deliver growthView the Logistics Report
