Cox Automotive is predicting severe disruption to the automotive retail supply chain caused by a combination of challenges affecting the vehicle logistics market. Referring to the recent fuel duty cut outlined in the Spring Budget as ‘welcome, but a flat balloon,’ Philip Nothard, Insight and Strategy Director at Cox Automotive, hinted several headwinds to come.
“The logistics market is facing a perfect storm of challenges,” he said. “Though welcome, the fuel duty cut is still something of a flat balloon and will do little to absorb some of the financial shocks affecting the sector. It simply did not go far enough. In addition, the much-publicised labour shortage in the sector is only marginally improving, and when you add to this the global trade issues that still exist surrounding Brexit, it’s a challenging time for the industry.”
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