2nd Annual Irish Logistics & Supply Chain Confidence Index Released
Dublin, March 28th 2017 - Commercial property specialists CBRE in association with KPMG today released the latest survey of confidence and expectations in the Irish logistics sector of the economy, which was launched at an event at CBRE headquarters in Dublin.
The second Ireland Logistics & Supply Chain Confidence Index was undertaken by specialist research agency Analytiqa who undertake a series of similar surveys across a number of jurisdictions. More than 50 senior decision makers from across the logistics and shipping sectors in Ireland participated in the survey. Respondents included CEOs, Managing Directors and senior management of some of the largest logistics providers, firms and buyers in the State.
Commenting at the release of the report, Garrett McClean, Executive Director and Head of Industrial & Logistics at CBRE in Ireland commented “Since last year’s inaugural Logistics & Supply Chain survey for Ireland was conducted, it is fair to say that the landscape has changed immeasurably, with seismic events affecting Ireland’s two largest trading partners. Concerns such as last June’s unexpected Brexit referendum result and the election of a new President in the United States have exercised the minds of respondents to this year’s survey and it is no surprise that there has been a deterioration in overall confidence in the sector year-on-year considering the more uncertain backdrop”.
Speaking at the event, Fionn Uibh Eachach from KPMG said: “This year’s survey is again another detailed insight into the mind-set of the key players of the logistics and shipping industries which has shown a decline in overall confidence in the sector. It is not surprising to see this decline given that potential increases in customs duties and administrative costs could affect international trade into and out of Ireland. Hence it is particularly important for companies in the logistics and shipping industry to be undertaking planning now for a post-Brexit world.”
The guest speaker at the launch event was Pamela Quinn, MD of Kuehne & Nagle and 2017 Image Magazine Businesswoman of the Year who gave a very interesting speech on the future direction of the logistics and supply chain network.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
In Ireland, CBRE is the country’s largest commercial real estate services company, now employing over 140 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie.
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 155 countries and have 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG Ireland is a provider of professional services, offering a range of audit, tax and advisory services to a broad range of domestic and international clients across all sectors of business and the economy. KPMG in Ireland is the No.1 auditors of Irish plcs providing audit services to 44% of Irish companies listed on the Irish and London Stock Exchanges. We operate on an all-Ireland basis and have 78 partners and over 2,400 people in five offices in Dublin, Belfast, Cork and Galway. Full details of all the services we offer can be found on our website www.kpmg.ie.