Climate change is a problem for the logistics industry, study, Germany. Article in Forkliftaction News

More than half of the companies surveyed by the Logistics Hall of Fame assess the risk of financial losses due to the effects of climate change as medium or high.

The survey is regularly conducted with a top-level panel of managing directors, board members and entrepreneurs from the Logistics Hall of Fame network and the Schunck Group.

The latest study found that over 70% of respondents were already invested in environmental, social and governance (ESG) criteria.

Analyzing individual areas of responsibility according to ESG criteria, the surveyed companies stated that they invested primarily in the following areas: compliance (83.3%), climate (77.8%) and employees (72.2%).

Occupational health and safety is also very important for companies – 61.1% of survey participants have already invested in this segment.

The areas of resource scarcity (16.7%), biodiversity and demographic change (11.1% each) play a rather subordinate role.

“It is now more important than ever for logistics companies to actively address the issue of sustainability,” says Schunck Group Managing Director Thomas Wicke.

“ESG criteria – environmental, social and governance – are not just buzzwords, but decisive factors that strengthen customer confidence, reduce regulatory risk and ensure long-term economic success.”

When asked about the threats that currently pose the greatest threat to the logistics industry in the world, cybercrime (83.3%) came first, as in previous studies in the series of surveys.

This was followed by skills shortages (50%) and political threats (41.7%), followed by supply chain disruptions (33.3%).

Compared to surveys from previous quarters, the fear of cybercrime has increased, while the risk of a shortage of qualified employees is now perceived as slightly less serious.

Possible risk factors, such as the outbreak of a pandemic or natural disasters, play a minor role in the risk ranking.