That’s according to the Freight Transport Association Report, launched today (26 April) at the CV Show in Birmingham.
The report finds that online shopping grew phenomenally in 2015, with an average weekly spend of around £816m – up 12.4% since 2014, and double the amount spent in 2010.
FTA's director of policy, Karen Dee commented: “There is no doubt that logistics is changing. Online shopping is just one example – we have already seen how it has grown, and it is expected to continue to rise in the next few years – with estimated retail spending set to reach £62.7bn by 2020. Resilience is part and parcel of the logistics industry but all of this inevitably has implications for delivery fleets and skills.
“This year’s Logistics Report indicates that economic expectations for our sector are optimistic. Domestic activity is expected to increase in 2016 across the top five sectors with retail, distribution and haulage being the top of the list.”
The FTA Logistics Report highlights the headline events and trends of the freight and logistics industry over the past year, and outlines how Government can support the industry.
A key source of data for the Report was the Logistics Industry Survey 2015/16, responses to which said that investment in road improvements, recognising the vital role of logistics in the economy and cutting fuel duty should be the top three actions for Government.