The UK logistics sector has to grapple with the devastating effects of the higher fuel prices caused by the ongoing war in Ukraine. Consumers in the UK are feeling the brunt of these rises, experiencing a rising cost of living. These effects, however, can be mitigated by improving operations along the supply chain, says Phil Chesworth, Managing Director of Midland Pallet Trucks.
The rise in the price of crude oil has disrupted the flow of goods and services from manufacturers and suppliers to consumers. This means that those in the logistics sector see their profit margins drop and have to raise their prices, which the consumer eventually feels.
Another damaging effect of decreased access to crude oil, and the accompanying higher fuel costs, is that it creates bottlenecks along the supply chain. This means many manufacturers find it difficult to resource the parts they need when they need them.
Phil says, “The issues that we’re seeing as a result of the rising fuel prices can be handled by stockpiling and a more efficient use of warehouse space. Companies are finding that supply chain issues are making items difficult to find on demand. Stockpiling items so they’re available for use is one way to avoid this issue and help to keep operations running smoothly”.
Midland Pallet Trucks supplies warehouses with high-quality electric pallet trucks, https://www.midlandpallettrucks.com/product-category/weighing-scale-trucks/weighing scale trucks, and https://www.midlandpallettrucks.com/product-category/high-lift-pallet-trucks/ high-lift pallet trucks. This equipment helps companies to run warehouses efficiently and optimise storage space, by allowing for the safe management of vertical storage.
Phil adds, “With the price of fuel only set to increase, it’s vital that the logistics sector invests in high-quality materials handling equipment that allows them to streamline their processes and improves efficiency and productivity. Our pallet trucks are an affordable way for warehouses to allow employees to work more productively, allowing for seamless operations”.
Improving operations in the logistics sector will help to ensure the effects of the rise in the cost of fuel are kept to a minimum, reducing the impact on the end consumer.
For more information please visit: https://www.midlandpallettrucks.com/