A few weeks after the UK voted to leave the European Union, the logistics industry was roaring back into action, with the arrival of a new boom.
The British business press has hailed the news, with Business Insider reporting that the logistics sector has grown by more than 25% in the past year, and predicted it would increase by around 25% again this year.
But the UK has seen an even bigger surge in the supply chain of logistics companies, with an industry worth $6.6 billion set to be worth $13 billion by 2021.
And, while the rise of the logistics economy may have been a bit of a surprise, it is hardly a surprise given that Brexit has been a catalyst for a dramatic expansion of the sector.
“This growth has come as the UK government, businesses, and businesses across the UK are struggling to understand what the implications of leaving the European Economic Community are and what impact they will have on the logistics and logistics sector,” John Tait, CEO of the US logistics firm Logistics and Transport, told Business Insider.
“We have seen a massive surge in activity and we believe that the Brexit referendum has created the perfect storm.”
The US has been one of the biggest players in the logistics space, with many logistics companies employing more than 200,000 workers, and providing a wide range of goods, services, and processes for nearly 80% of the world’s trade.
The US has also been one the most active destinations for the logistics of other countries, including Germany, the Netherlands, Denmark, and Belgium, with logistics companies accounting for almost 20% of exports to those countries.
The US is currently the world leader in logistics exports, with exports to the US representing nearly a third of the global market, and with the US having the fourth largest economy in the world, the rise in activity in the sector is sure to be welcomed by those who feel that the US is a place they want to work.
“The logistics sector in the US has really picked up speed in the last two years and we are looking to see it grow again,” said Tait.
“The growth is definitely happening in the UK, but there are a lot of new players in this space.”
Logistics is a very important sector to the economy of the United States, and we have to make sure that the new players are able to compete with the old ones and do business in the United Kingdom.
“In 2017, the US became the first country in the EU to join the World Trade Organization, a move which was seen as a positive sign for the US as it sought to boost exports to other countries.
But, in 2018, the EU threatened to veto any move to ratify the trade agreement.”
In the long term, I think the EU is going to be looking to take a very different approach, because they are not going to have the ability to negotiate a trade deal with the United Republic of America,” said Michael O’Donnell, head of business development at the logistics company Trulia.”
They have to be able to take their business to the United Nations or other countries that are more advanced.
“And it’s not just the EU that is looking to make a move.
As the US and its allies continue to pursue an ambitious agenda, there are concerns that Brexit will force other nations to look at other options.”
If the US were to leave, its members could see the UK as a less attractive place to do business, with other countries looking to protect their own economies and avoid being left behind.””
And the other members of the EU are going to look to other places in the future for trade.”
If the US were to leave, its members could see the UK as a less attractive place to do business, with other countries looking to protect their own economies and avoid being left behind.
“I think it’s going to lead to a huge increase in the amount of investment that will come from the US,” said Trulia’s O’Connell.
“There’s a lot to be gained from that.”
But the future of the UK’s logistics industry may not be so bright.
The UK’s economy was already reeling from the Brexit result, and many businesses were left struggling to keep up with rising labour costs.
With no clear plans to renegotiate the UK-EU trade deal, a new trade deal could be in store, which could further increase the cost of doing business for UK companies.
And the Brexit issue may not just impact UK businesses.
There are also fears that a strong relationship with the European Commission could also prove problematic for UK businesses, with Brexit having forced the UK to reexamine the EU’s accession processes.
“If the EU has a problem with Britain, it’s because they’re not negotiating the right deal,” said James Purnell, CEO at the London-based company H&M.
“In the end, it may well be a deal that doesn’t meet the needs of both the UK and the EU.”
But there are some signs that the UK