The ongoing Middle East conflict continues to have a significant impact on fuel price and supply chain logistics costs, adding further pressure to already squeezed margins. With customers and consumers feeling the pinch, Logistics UK is organising two webinars to help operators navigate these ongoing challenges.
Free to members of the organisation, the webinars will focus on the current issues, providing practical advice to manage the impacts on companies and their customers.
At the first, to be held on 22 April between 1300 and 1400 Logistics UK CEO Ben Fletcher, will share the organisation’s analysis of the impact of the conflict and how the organisation is responding. Attendees will have the opportunity to share how the situation is affecting their businesses now, as well as expected near- and medium-term impacts.
Logistics UK members can register here: https://logistics.org.uk/events/content-pages/middle-east-conflict-and-logistics-webinar
A second seminar, addressing rising fuel costs, takes place on Tuesday 28 April, between 1100 and 12 noon in partnership with Portland Fuel and myAutomate. Expert speakers will share market insight as well as practical tools to manage fuel costs and risk. A panel will take questions from attendees. Logistics UK members can register here: https://logistics.org.uk/events/content-pages/middle-east-conflict-and-fuel-costs-webinar
“Logistics businesses traditionally work to incredibly narrow margins,” says Ben Fletcher, Logistics UK’s Chief Executive, “often in low single digits, meaning that the industry cannot absorb significant price rises and must pass on the increased charges to their customers, and ultimately, consumers. This is not a route that our industry takes lightly but is a necessary consequence of the rapidly escalating costs that our members are facing.”
“As the leading business group in the sector, Logistics UK is maintaining close contact with government throughout the conflict,” continues Mr Fletcher, “and continues to press the Treasury to suspend the planned reversal of the fuel duty cut announced in the Budget.
“Logistics businesses deliver everything that the country depends on every day, from medicines to manufacturing materials, and it is vital that they can continue doing so without driving inflation up through increased costs for their operations.”