As rising interest group rates and ostentatiousness bite , logistics industry expert bring out what else is plant to impact the provision chain in 2022 . The median price - per - mil for haulage and courier vehicles increased from 101.5 points to 116.8 points between January 2021 and January 2022 , according to theTEG Road Transport Price Index – a 15 % year - on - year increment .
As in old years , the cost - per - mile dropped following the traditional surge for Christmas , having decreased by 13.5 points from December to January . But 2022 still kicked off with the highest January prices for haulage and courier vehicles since the TEG index begin in 2019 .
This comes as Mary Leontyne Price surge across the economy , with interest rates increase for the second time in three months and far-flung vexation about the continually rise cost of support .
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Surging ostentatiousness – which saw a 30 - year high in December – is close linked to add mountain range bottlenecks and rocketing vigor monetary value . The more it costs to invent and transferral good , the mellow their price tag will ineluctably be .
A further consideration is that the Covid-19 pandemic – and associate lockdowns – resulted in highly miserable level of economic activity , setting a low cornerstone rate which inflation is now being measured against .
Kirsten Tisdale , managing director of logistics advisor Aricia Limited and Fellow of the Chartered Institute of Logistics & Transport , says:“The TEG Index is telling us two stories about road transport as we come in 2022 . First , despite the big seasonal drop in January , Leontyne Price increases have come to stay – the TEG Index is at a completely dissimilar starting layer to the previous three geezerhood .
Second , the haulage and messenger elements have re - converged , at least for now , suggesting that there was an element of ( understandable ! ) affright about HGV driver travel into the acme demand full point . ”
What other factors will impact supply chain cost in 2022?With inflation foremost in the minds of both logistics professionals and businesses likewise , Lyall Cresswell , CEO of Transport Exchange Group notes other trends set to impact route freight price this twelvemonth .
EU convention changesLyall Cresswell play up the role that extroverted cabotage rules and other , novel rule will play . “ Cabotage rule were interchange to relieve a shortage of drivers and supplying chain disruption , allowing outside company to send lorries with foreign number one wood to the UK to make inexhaustible livery in a 14 - daylight full stop .
“ antecedently , cabotage rules only allow international driver to make two cabotage journeys within seven day of entry into the UK . This will again be the case when cabotage rule regress back in May , reducing the number of load external machine driver can carry . This will not , of grade , help the driver famine . In addition , cabotage heaps are price lower , so less of them means higher costs all rotund .
“ Significantly , new regulations in May will signify smaller vehicles ( between 2.5 deoxythymidine monophosphate and 3.5 t ) will require an operator ’ license . This requirement for external goods vehicle operator licences for carriage of goods antecedently only utilize to larger vehicle , therefore this formula propagation is another big industry variety that we ’ll soon see reflected in the TEG Road Transport Price Index . Businesses channelize goods between the UK and the European Economic Area will require a licence from May , adding to costs for a great many firms . ”
On - requirement economyLyall Cresswell cites the growth of the on - requirement economy as another driver of supply chain costs .
“ platform like Uber start up the real upscaling of the on - demand saving , but now we ’re seeing the rise of radical - fast , hyper - local grocery store pitch . There is cutthroat competition in this quad , particularly since lockdowns made us dependent upon these service . This development has put immense pressure sensation on the transport and logistics sphere to see demand , recruit quickly and adapt to new technological requirements . Needless to say , this has contributed to rising cost in the sector for some time now . ”
“ However , the appetence for so many on - requirement overhaul could prove fickle , peculiarly when the pandemic winds down , and society may find commercial-grade sustainability elusive . As with so much else in the conveyance industry , much reckon upon the row of the pandemic in the next few month and how consumers react to shift lot . ”
For more information : Transport Exchange Groupwww.transportexchangegroup.com
