Large rise in Logistics Company Insolvencies

Research by Forvis Mazars has found that insolvencies of logistics companies’ have risen 14% in the past year, from 464 in 2022/23 to 530 in 2023/24.
Many logistics businesses were set up during the pandemic to meet the sudden rise in demand for home delivery. As this surge in demand reversed, some of these companies are struggling to survive.
In May 2020, during the height of the pandemic, internet sales made up 34% of all retail sales. By July 2024 online sales were only 28% of all retai