Extensive analysis of ONS data* published across the last five years by recruitment platform, Adia suggests that the total turnover of all businesses providing ‘Transport and Storage’ activities will exceed £200 billion this year. In addition, over the last five years, the total turnover of all companies in the sector has steadily grown at on average around 4.4 per cent a year.
The total turnover of all businesses in the transport and storage industry reached £199 billion in 2017, up from £197 billion in 2016 and £172 billion in 2015. Based on this rate of growth, Adia expects this figure to comfortably reach £200 billion in the ONS’ 2018 data, which is expected to be published this autumn.
Adia’s analysis of government business population estimates has also revealed that the amount of people employed in the sector now exceeds 1.5 million, representing an increase of 8.7 per cent compared to 2013 – when the total amount of people working in the industry stood at around 1.38 million.
Encouragingly, the amount of firms operating in the sector across the UK has grown by just over 25 per cent in the last five years, having reached 345,285 – up from 275,290 in 2013.
Adia CEO, Ernesto Lamaina comments: “The transportation and storage sector makes a significant and important contribution to British economic output. Equally, the 345,000 businesses operating in the industry play a vital role as employers and job creators.
“Our in-depth analysis suggests that the amount of people working in the sector has increased by over 200,000 in the last five years, which is testament to the importance of the industry. As we are seeing across the whole economy – the way we are working and employing is changing. Employees expect flexibility and often, employers require it – business leaders must respond to that.
“We believe the ‘now economy’ is a system where companies can more efficiently manage staffing costs and people are free to pursue the roles they want.”
Adia is Adecco’s online recruitment solution that has the technology, scale and expertise to deliver what businesses need to thrive in the now economy, helping to find and manage temporary talent while building better practices for a new way of working.
Launched in Switzerland in 2016, Adia is now available across the UK providing temporary talent to the transport, storage, warehousing, distribution and logistics industries.
*Business population estimates for the UK and regions provides the only official estimate of the total number of private sector businesses in the UK at the start of each year.
These estimates produced by BEIS cover a wider range of businesses than Office for National Statistics (ONS) outputs, which report on VAT traders and PAYE employers.
Comments are closed.