Logistics, as the term is commonly understood, is the process of transporting goods and services to and from a customer’s location, often with the assistance of a logistics company.
A number of sectors, including finance, manufacturing, retail, transport and public administration, rely on the logistics business.
In the UK, there are three main players in the sector: DHL, FedEx and UPS.
In addition, there is the logistics consultancy, the London-based Logistics Analytics.
The logistics industry employs around 5.6 million people worldwide, according to the British Society for International Development.
“A lot of the companies that are in the industry are well-known and have high profile,” says Simon Hodge, managing director of Logistics Technologies, a company based in London that specialises in logistics.
This is the second year in a row that Logistics Growth Model has been recognised as a top industry by the BSI. “
This is a highly lucrative sector for companies that have established their reputation internationally and have a high level of operational capability.”
This is the second year in a row that Logistics Growth Model has been recognised as a top industry by the BSI.
Last year, it was named the world’s largest logistics consultancy.
“We have an enormous amount of experience with logistics companies across the world and we have a really good understanding of the business and the business models that are successful,” says Hodge.
The company recently launched its first new business in two years, and Hodge says it has already established its reputation as one of the best in the world for managing logistics.
In 2017, Logistics Technology delivered a major expansion in its UK operations, including new offices and new technology infrastructure.
“The company is very focused on making the UK the leading destination for logistics and it’s also about taking advantage of the growing opportunities that are available to the sector,” says Jason Stirling, managing partner of Logistic Technology.
Hodge is also bullish on the future of the industry, particularly as the UK’s economy continues to boom.
“If you look at the business model, if you look around the world, there’s a lot more investment being made in logistics, more people being trained in logistics,” he says.
“There are so many other opportunities in the logistics industry, not just the UK.”