On behalf of everyone at The Logistics Partnership LLP and our individual brands; MVP, Drivelink, More Driving and Forward Prospects, I would like to say a big thank you to all of our clients (both business and candidates) as well as our suppliers for all of your help and support in 2017.
Economic growth for 2017 is predicted to reach 2%, whilst growth for 2018 is currently forecasted to be more like 1.6% (OBR, 2017). Although our 2017 growth remains consistent with the 2016 numbers, UK growth is particularly disappointing for 2017 when compared to that of the other G7 countries. The slowdown in growth is projected to come from a ‘real terms’ decline in consumer spending. Increasing inflation and the depreciation of sterling are likely to squeeze household spending. Continued uncertainty around the future of the UK’s immigration and trading relationship with the EU in the long term is also likely to delay or stifle investment from the business community. With our logistics and transport clients, this has created a knock-on effect of rising fuel prices and a reduction in suitable candidates, particularly for HGV driving and industrial workers. The fall in value of sterling has led to some positivity for UK manufacturers though, as the reduction in sterling makes their products more appealing to the rest of the world; albeit that many inputs are still imported, so some of the benefits have been lost, as costs have ‘netted out’. More generally, and due to our reliance on imports as a country, this has increased the costs for most of and has played a part in the rising inflation levels seen recently.
Unemployment is currently sitting at a 40 year high at just 4.3%, and some economists are even claiming that the UK is reaching, if not already at, full employment. Talent and skills shortages have been felt across virtually all sectors represented by recruitment, and our brands have certainly been no exception. Although Brexit uncertainty appears to have played a part, it is part of a bigger problem. We wrote in our article on behalf of MVP about addressing the skills problems across the logistics and supply chain industries here.
Although the additional focus from industry bodies such as CILT, the RHA and FTA to change this is starting to improve things, there still remains a lack of good education, image and awareness right across the supply chain industries which must continue to be addressed for the long term.
As talent stays at the top of the agenda for the boardrooms across the country, and candidates are seeking a more independent, consultative relationship with a recruitment professional. Selecting a well-established, specialist recruitment partner should also be a top priority. So, whether you are a candidate, or a company, here’s some of the things we’ve done in the last 12 months to make sure that we keep ourselves at the forefront of supply chain recruitment:
Working with our psychometric assessment partners we have worked with several clients to provide a more holistic talent service. At present we are currently developing this service further to helping our customers intertwine corporate and business level strategy with talent identification and development plans;Worked with internal talent teams to supplement and compliment their efforts by working on the ‘hard to find’ roles;Following candidate and client surveys, and some work with an external consultancy we have made content updates to all of our websites, and full website redesigns are planned for 2018;Attendance at more active physical networking events, giving us the ability to keep at the forefront of the pertinent issues and network talk to industry leaders and candidates first hand;We have invested significantly in our marketing, SEO, Social Media and all things digital across all of our brands:
For our clients, this means more focus on uncovering passive talent as well as new methods to engage with our existing networks;For our candidates, we have and will continue to gather and listen to your feedback and tailor our content by brand to keep you updated with industry knowledge, provide tips, information and answer your questions.
We have internal representatives actively involved with the FTA Freight Council, the CILT, Brake and Women in Logistics helping to promote and play an active role within the markets that we serve;We are working with all of our suppliers and conducting our full internal audit to ensure that we have a compliant solution.
Most importantly we have helped a lot of people this year; we’ve helped people to find their dream job, their next step up the ladder and the businesses we work with to solve their staffing and development needs.
If you want to know more about our individual brands and services, please do find us at www.tlpllp.co.uk, or feel free to get in touch directly, by phone, email or drop by to any one of our locations for a coffee and a chat. All of our contact details can be found on our websites through the TLP address above.
In the meantime, thank you all once more, and may I take this opportunity to wish you, and your families a very Merry Christmas and a happy and prosperous New Year.
Graeme Doyle, Managing Partner.
|latest news index|