Logistics confidence down, but some optimism
Overall confidence in the logistics industry has declined slightly in March over the past month, according to the latest edition of Recession Watch, by industry analyst group Transport Intelligence (Ti), but looking ahead respondents were slightly more optimistic than in the previous survey. According to TiÃ¢â‚¬™s Global Logistics Business Confidence Index (GLBCI), the overall results […]
May 1, 2009
According to TiÃ¢â‚¬™s Global Logistics Business Confidence Index (GLBCI), the overall results of the survey show that confi dence in the present state of the logistics market has fallen slightly over the past month. The index dipped from +6.36 to +1.04. Any result above 0 is positive, with a maximum of +100 and a minimum of -100.
The monthly survey comprises respondents from around the world representing all sectors, segments and geographic regions. According to Ti, the survey is designed to provide an indication of the strength of the industry and a tool in assessing when the industry will come out of recession.
Confidence in the state of the market in 12 monthsÃ¢â‚¬™ time was still negative at -20.02, but never-the-less a slight improvement over FebruaryÃ¢â‚¬™s -26.46.
The survey revealed that confidence in China has slumped, shifting from being the most confident country in February (+34.38), the index fell sharply into negative territory -13.33. Chinese logistics executives are even less confident about the prospects for the industry in twelve monthsÃ¢â‚¬™ time. The index fell to -43.33, the lowest of all regions/countries analysed.