60% of logistics companies intend to invest in new solutions this year

Experts expect the logistics market to quickly recover from the pandemic in 2020, as its global growth is expected to reach 4.7 percent per year by 2024. Almost 7 out of 10 surveyed representatives of logistics companies in Poland believe that the current market situation is more difficult than a year ago, but at the same time, 9 out of 10 believe that their turnover in the next 12 months will not decrease. Moreover, half of them expect their businesses to make a profit during this time. The rebound on Covid-19, however, will largely depend on the development of the e-commerce market, the use of technology in everyday operations, and the maintenance of financial liquidity in companies. And each of these areas is equally demanding.

Despite the challenges posed by 2020, the Polish logistics industry has not only managed to meet them but is also optimistic about the future – half of its representatives expect profits in the next 12 months. This is largely due to the development of e-commerce, which has made the global e-commerce logistics market grow by almost 30 percent in 2020, thus, directly and indirectly, affecting thousands of companies operating in related sectors, i.e. transport, warehousing, and supply.

“The outlook for the logistics market in the coming years is optimistic, but the sector will have to face some challenges in order to maintain its pace of growth. The development of the e-commerce market offers great opportunities, but also generates new needs of customers and enterprises. It is the way of addressing these needs that will determine whether the companies in the industry manage to catch the wave of market growth. They will not only have to prepare the right strategies but also be open to technological innovation and manage liquidity, ”Jan Enno Einfeld, managing director of the Finiata Group, said.

(WBJ)