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CBRE Kingspan Ireland Logistics Confidence Index 2024

March 20, 2024 10 Minute Read

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CBRE Ireland and Kingspan, in conjunction with specialist sector research agency Analytiqa, and supported by the FTA Ireland, are delighted to publish the ninth in our series of annual surveys to assess confidence and expectations in the Irish logistics and supply chain sector. 

 

Once again, senior decision makers have expressed their views and insights to facilitate this important industry research. Respondents included CEO’s, Managing Directors and senior management of some of the largest logistics providers and buyers of supply chain services across the island of Ireland. We continue to be grateful for the support of our loyal respondent base that provides us with really valuable consistency of participation.


The resulting report examines key performance indicators for businesses operating within the logistics and supply chain sector. It provides insights from both logistics buyer and service provider perspectives giving us a 360-degree view of sentiment.


This survey mirrors similar analysis that is undertaken by Analytiqa in other countries on this specialist sector of the economy. Respondents were asked about current business conditions and forecasts for the future. They expressed their views on growth plans of their companies in terms of anticipated changes in turnover, profitability, logistics and supply chain related capital expenditures and expected changes to employment.


Our report once again focusses on the most important trends and issues facing logistics and supply chain operations, such as innovation and technology, skills shortages, property requirements, managing Ecommerce growth and environmental, social, and corporate governance (ESG). Against a backdrop of continuing geo-political and economic uncertainty, we identify the most important challenges or threats facing the sector regarding energy and fuel and the transition away from diesel vehicles. We assess how companies are facing up to post-Brexit realities. Looking ahead, we identify the most important growth opportunities across the next 12 months. This year’s survey reports a marginal decrease in confidence amongst supply chain professionals across the island of Ireland.


The 2024 Index highlights a small increase in confidence amongst logistics operators, whilst optimism amongst manufacturers and retailers has decreased from last year.


Importantly, overall, the sector retains optimism in its outlook. Challenges will remain in the year ahead, but with economic forecasts predicting relatively low levels of growth in the short term, our respondents are demonstrating their intentions to exploit the opportunities this presents, by investing in their businesses, people and infrastructure.