Introducing the Transport and Logistics Focus report of our Q3 Tradeshift Index of Global Trade Health—a quarterly report that uses the data flowing across the Tradeshift network to provide a unique insight into the state of global trade—where we dig a little deeper into the activity level between buyers and sellers across the sector.
The T&L vertical is one of the strongest verticals active on our platform. What we uncovered, at both a global and regional level, is that the patterns we are seeing emerge suggest that the pandemic’s first wave had a less severe impact on the transport and logistics sector than many other industries. Recovery has also been quicker.
Some key findings from this focused report are that:
- Trade activity dropped by 10% in Q2, but it bounced back strongly in Q3, rising 12%.
- In the US, transaction volumes rose 15.9%. In the Eurozone, activity rose 16.9%.
- The UK is struggling to build the same momentum. T&L transaction activity rose by just 10%, having fallen by more than 16% in Q2.
- Order volumes across the sector dropped by 21% in Q2. This is having an impact in Q3 on liquidity among suppliers across the sector.
Hear from industry experts and read the full report to dig a little deeper into the adversity and opportunity as the COVID crisis continues. Then take a look at how you can plan for the unexpected and harness technology as we enter into a critical recovery phase and build a truly digitized relationship between buyers and sellers.
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