Retailers advised to be aware of 'localisation trend'
Commercial insurance
8th March 2010
Those on the hunt for goods in transit cover may want to consider rethinking their distribution strategy in the next few years, if the recent comments of one expert are anything to go by.
According to vice-president of Kurt Salmon Associates UK Richard Traish, retailers are increasingly looking to offer pricing and promotions "regionalism" in a drive to provide more locally-sourced products.
However, they will have to be "extremely wary" of the activities of local competitors and what they are doing in the marketplace, he suggested.
From an environmental and cost perspective, the transport aspect of manufacturing is "an important component" for businesses to think about, Mr Traish added.
"[It] is going to apply a pressure there to try and see if we can do things closer to home."
His comments follow a recent report from food and grocery analyst IGD, which said 124 million HGV miles have been removed from the UK road network in three years.
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