There is no doubt that the transport and logistics sector is undergoing an important transformation as new technological solutions come into everyday use, driven by market trends.
At no point in recent history have we witnessed such a large degree of political, economic, social, technological, environmental and legal changes influencing this segment of the economy and all at the same time.
Global business leaders in this sector predicted six months ago their top three risks would be: Cyber (45%), technology (40%) and in joint third position was political and economic risk (38%).
However, despite these risks playing on the mind of global business leaders in the transport & logistics sector, confidence levels about the sector’s ability to grow and prosper were predicted to go up by 8% to 64%.
And while there are several interconnected risks at play, business leaders predicted that at this stage, they would be operating in a moderate risk environment (69%), as opposed to high (8%).