Econometric models have traditionally employed macro-economic variables, namely GDP, to forecast logistics performance.
In 2020, accelerated online sales highlighted the already rising ‘disconnect’ between logistics market trends and economic growth, with European take up levels reaching record high volumes (+11 million sqm), whilst GDP in select European economies reached up to double-digit negative figures1. This growing negative correlation suggests it is time to search beyond GDP for factors impacting future logistics performance (see figure 1).
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