• 29-MAR-2012

  • SOURCE: PricewaterhouseCoopers LLP

Global T&L industry must transform to attract talent, says PwC report

A new report out today has warned the global transportation and logistics industry (T&L) is in urgent need of a radical transformation by 2030 if it is to stay competitive.

PwC created 15 theses which were presented to a panel of 94 senior executives from 24 countries working in business, government and the scientific arena. Over the course of eight weeks they studied the hypothesis and were asked to assess the probability of each one on a scale of 0-100%. Panellists also predicted pay would continue to be low in the majority of jobs in comparison to other industries. In the UK for example, the average salary of someone in finance could be £51,620 but in T&L it's £28,022 – 46% less. In the US, a worker in the electricity/energy sector could earn $65,150 on average, but in T&L this would drop to $43,400. Available content includes general views.