New survey data by Tech.co revealed that nearly a quarter (22%) of U.S. logistics businesses are prioritizing vehicle upkeep, at a time when major unforeseen disruptions have caused a spike in operational pressure.
“The latest data from Tech.co's research shows preventative maintenance is now a top priority for 70% of logistics firms. This signals a transition from reactive crisis management to strategic preservation,” says Tech.co’s editor, Jack Turner. “With the industry currently volatile, we're seeing companies are taking steps to invest now and protect themselves in the future. The move is an essential one, as companies look to maintain some semblance of control where they can, in the face of ever more challenges and disruption to the supply chain.”
Key takeaways:
· The Operational Pressure Index reached its highest figure (44) in Februar, highlighting a recent spike in operational pressure felt across U.S. logistics businesses.
· Findings show that major unforeseen disruptions have been the root cause of increased operational pressure, as 30% of logistics businesses said major unforeseen disruptions caused a spike in operational pressure.
· Severe weather could have also contributed to such a significant jump in this metric, as Storm Fern encompassed the South and Northeast in January, disrupting the freight market.
· 70% of U.S. logistics firms prioritizing vehicle upkeep have been focusing on preventative maintenance as their top vehicle upkeep measure. Addressing mechanical issues (52%); upgrading/replacing components (51%); ensuring safety compliance (49%); and improving fuel efficiency (40%) also remain common priorities.
· Vehicle upkeep expenses rose by 3 percentage points from January to February, and has maintained itself as the top priority.
- February saw a rise in poor working conditions as drivers were subjected to harsher driving conditions and potentially longer hours due to unpredictable delays.
- More road accidents raised the price of insurance.
