Sectors
Transportation & Storage
In 2024, the UK transportation industry is undergoing a significant transformation driven by technological advancements and sustainability efforts. The sector is rapidly adopting new technologies to enhance journey visibility and autonomy, with the total turnover in the transport and storage industry reaching over £202.8 billion (Statista, 2023).
Regulatory changes influence operational practices, and the global economic landscape impacts market conditions, requiring companies to adapt to new challenges. Despite some cultural resistance, the push towards digitising supply chains continues to gain momentum. As of the first quarter of 2024, approximately 1.6 million people are employed in the transport and storage sector in the UK.
Additionally, the Office for National Statistics estimates that almost half a million driver qualification cards are set to expire in 2024, necessitating significant re- training efforts (Statista, 2024; Mandata, 2024).
Payroll Insights:
The industry employs approximately 1.6 million people, and managing payroll for such a large workforce is costly. Rising wages and benefits add to the financial burden (Statista, 2024).
62% of top UK logistics companies need more advanced payroll systems that can integrate with other digital tools (Mandata, 2024).
Logistics companies are outsourcing payroll to reduce costs, ensure compliance, and access specialised expertise (Trans.Info, 2024).
Become a partner in payroll excellence
Let’s discuss how LWM can become your trusted advisor, streamlining your payroll and fueling success.