Transport & logistics
The transport and logistics industry is facing new sources of volatility and uncertainty. Tighter regulations, environmental constraints, global trade disputes and digitalisation are all agents for major change. Our audit, advisory and tax services help companies navigate the complexities in the sector. We bring multidisciplinary capabilities from our global network to ensure our solutions are the right fit for you in your markets.
Transport and logistics companies operate in a global market where they are exposed to a wide range of economic, regulatory and technological forces. The sector is likely to see a significant Brexit impact and a labour shortage aggravated by the growth of e-commerce which are straining a sector already required to sustainably and digitally transform. At Fprvis Mazars, we support a broad range of transport and logistics businesses with domestic and global footprints facing these challenges. These include transporters, shippers and ports, intermediaries, service providers, warehouses, aviation companies, air traffic control institutions and others.
In aviation or air traffic control, deregulation and the introduction of low-cost airlines in the 1990s led to a polarisation of the industry between cost leaders and luxury carriers. Volatile fuel prices, increasing financing costs and intense competition create ongoing challenges. However, overcapacity in the sector means that it currently faces some of its greatest difficulties yet.
The rail sector has become a greater focus for investment from policymakers eager to respond to the climate threat. However, infrastructure development must navigate diverse local and national planning codes while the sector must respond quickly to rising customer and regulatory expectations.
The shipping and water transport sector is crucial to the free flow of goods across the globe. However, as consumer habits shift and protectionism and tariffs threaten cross-border trade, companies operating in this space face multiple risks and opportunities. They must also respond to new regulatory challenges as the drive to decarbonise the sector brings new investment needs.
Similar challenges are faced by those in the trucking industry. Freight hauling faces pressures to improve efficiency and become more sustainable even as barriers to trade grow. With tighter margins from increasing operational costs, the sector must improve financial performance even as customers expect faster delivery.
Managing logistics and supply chains grows increasingly complex in this setting with economic and geopolitical uncertainty being a constant threat. Logistics companies also face new sources of disruption where there are fewer barriers to entry and digitalisation becomes a major driver of change.
Whatever your sector, our multidisciplinary team works as an integrated unit to provide expertise and solutions that are tailored to your specific needs and market and help you overcome your unique challenges.
We can help you with the following services:
Each of our experienced professionals has sector-specific credentials supplemented by the practical experience that comes from a long track record in the business. When we work with you, we consider the full spectrum of possibilities and find the right solutions to help you meet your strategic objectives. Our specialists understand the complex rules and regulations affecting your organisation and bring in the right expertise from our global network of specialists to ensure you receive the critical advice you need.
We help companies in the transport and logistics sector secure their operations and create value with a wide range of solutions including:
Automobiles have been powered, for the most part, by the trusted internal combustion engine (ICE) since being massed produced from the early 1900s. ICE technology has evolved, with suppliers and OEMs (Original Equipment Manufacturers) investing extensively to increase engine performance whilst reducing emissions.
How can the mobility sector respond to evolving consumer expectations to influence and lead a transformation towards cleaner, more connected and collaborative systems?
Transport and logistics (T&L) companies that want to become more sustainable and resilient will recruit for data and analytics talent, collect data from new parts of the business, adopt a mindset of bold experimentation, and recognise that business as usual is over.
When ‘Satoshi Nakamoto’ invented the first blockchain platform for bitcoin it would have been difficult to see the innovation eventually make its way into the establishment. Yet the World Economic Forum now estimates blockchain could boost global trade by $1 trillion. So, how did blockchain go mainstream, and what is its value to transport and logistics?
Analysing data helps transport companies to enhance business operations. It enables them to take better decisions based on comprehensive and current insights into the KPIs that are relevant to them. In an industry where margins are low and volatile, it is crucial to be able to cut things fine. Yet the use of data analysis is still in its infancy in many companies. Mazars studied the use and the potential...
The last mile of the delivery process is the most challenging, complicated, and competitive part of getting a package to the doorstep. To meet the challenges of rising delivery volumes, growing customer demand and calls for reduced emissions, logistics companies are experimenting with data, drones and new business models.
Any new mode of transport is naturally met with scepticism: is it safe? is it sustainable? is it useful? As the mobility universe experiments with transport up in the air and on the ground, businesses and policymakers need to create customer demand, answer critical safety questions and take the small steps that make the big leaps possible.
The impact of the Covid-19 pandemic on transport and logistics has been heterogenous, largely due to the diversity of and vast number of players in the sector. The cards have not been dealt evenly. Flightradar24 reports a 55% drop in commercial flights compared to March 2019 [1], whilst sales of food in supermarkets exceeded the Christmas shops many times over in the UK [2], with incidence on the...
Software robotics are helping companies streamline processes, cut costs, and free up employees to focus on higher value tasks. Today they are increasingly applied to support back office processes at mobility firms, and they are likely to enable more operational and front-office tasks too.
As the world becomes more urban and populous, demand for mobility services that get people, goods and services from A to B will rise. But as the planet heats up, governments and societies expect the automotive, logistics and aviation sectors to bring carbon emissions down. What the mobility ecosystem does next will affect us all.
Transportation and logistics companies have long adapted to market disruptions from technologies such as automated guided vehicles and point of sale scanners. However, T&L firms have lagged behind the broader business world in addressing the implications of big data.
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