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Index: Logistics Tough in Short Term

Most respondents believe it will take several years for the industry to fully regain its footing.

By John McCloud | Updated on February 25, 2009

WILTSHIRE, UK-A new report by Transport Intelligence (TI), a UK-based logistics research and analysis firm, finds a surprising level of confidence about the state of the logistics industry despite the general atmosphere of economic gloom. The company’s first Global Logistics Business Confidence Index, issued in February, surveyed more than 500 logistics executives around the world and resulted in an industry confidence reading of +6.4. The scale ranges from -100 to +100.

The confidence, however, does not encompass the immediate future. When asked to describe their confidence in the economic prospects over the next three months compared to the previous three months, respondents’ ratings dropped the index to -29.6. For the coming 12-month period, the index rose slightly but remained negative at -26.5. Most respondents believe it will take several years for the industry to fully regain its footing.

From a geographic perspective, respondents rated China the strongest market at present, with an overall index of +34.4. But in regard to coming months, the Asian giant’s logistics industry registered near or below the global average, with a three-month index of -28.1 and 12-month index of -31.3. India, by contrast, registered above the global average in all three time categories, while North America registered below average.

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