Higher Logistics Costs Due to Labor and Driver Shortages
First written in FY2017-Q2. 9 of 17 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2025-H1.
Yokorei moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2017: 8 of 15 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「In addition to soaring raw material prices and increases in labor and logistics costs」
Cost pressures from higher labor and logistics costs have continued, consistent with the labor shortage and logistics cost increase risks identified through the previous fiscal year. - FY2023WorsenedAnnual report
「The business environment surrounding our Group remains uncertain, due to factors including the 2024 logistics problem associated with work-style reforms, labor shortages caused by population decline, higher electricity costs resulting from soaring energy prices, and prolonged instability in the international situation.」
The 2024 logistics problem is newly identified, and business environment risks are outlined together with labor shortages caused by population decline, soaring energy prices, and instability in the international situation. - FY2023-Q3WorsenedAnnual report
「However, concerns remain over various pricing impacts from the worsening labor shortage, price increases caused by fluctuations in resource prices and foreign exchange rates, and soaring labor costs, and society as a whole continues to face an uncertain outlook.」
The labor shortage is described as "worsening," and soaring labor costs are also cited, indicating heightened labor shortage and cost-increase risks. - FY2021WorsenedAnnual report
「Overseas, procurement costs have surged due to lower production volumes caused by worker shortages and higher transportation costs resulting from shortages of ocean containers.」
Lower production volumes due to labor shortages and higher transportation costs due to shortages of ocean containers have materialized as higher procurement costs in the food distribution business. - FY2021-Q3WorsenedAnnual report
「THAI YOKOREI CO.,LTD., our consolidated subsidiary in Thailand, reported lower profit as inbound volumes continued to decline due to worker shortages caused by the pandemic and manufacturers’ inventory adjustments, reducing inventory levels even as outbound volumes of livestock products, its main item, showed signs of recovery.」
Labor shortages led to lower inbound volumes and inventory levels and lower profit at the Thai subsidiary, making the business impact of labor shortages more tangible. - FY2020-Q3WorsenedAnnual report
「The impact of the same disease has also been substantial on the food distribution business in which the Company operates. Following the state of emergency declared in April, restaurants in the food-service industry were forced to suspend operations or shorten their opening hours.」
The stagnation in cargo movements in the food distribution industry materialized in the form of restaurant closures and shortened operating hours due to COVID-19. - FY2020-Q2WorsenedAnnual report
「In the food sales industry in which our company operates, conditions remain challenging, including weak consumer sentiment following the October consumption tax increase, higher labor and logistics costs resulting from labor shortages, and sluggish cargo movements caused by the spread of COVID-19.」
In addition to the existing shortages of labor and drivers and higher labor and logistics costs, the slowdown in cargo movements caused by the spread of COVID-19 was identified as an additional burden on the food distribution industry. - FY2020-Q1RestatedAnnual report
「As efforts to pass higher raw material and labor costs on to selling prices continue, consumer sentiment has weakened following the consumption tax increase implemented in October 2019, and the operating environment remains challenging.」
Cost pressures from higher raw material and labor costs, along with the challenging environment in the food-related industry, continue to be cited. - FY2019-Q3RestatedAnnual report
「In the food-related industry in which the Group operates, labor costs and logistics costs have increased, and conditions remain challenging.」
The challenging business environment in the food-related industry due to higher labor and logistics costs continues. - FY2019-Q2RestatedAnnual report
「In the food-related industry in which the Group operates, conditions remain challenging due to higher raw material, labor and logistics costs, including those resulting from labor shortages.」
The challenging business environment in the food-related industry due to higher raw material, labor and logistics costs continues. - FY2019-Q1RestatedAnnual report
「Amid continued strong household demand for savings, the business environment remains challenging due to higher labor and raw material costs.」
Labor cost pressures, including higher labor costs, and the challenging business environment in the food-related industry continue. - FY2018RestatedAnnual report
「In the food-related industries in which our group operates, companies remain cautious about raising prices in response to households’ growing preference for economy, and the business environment remains challenging.」
Recognition of the challenging environment in the food-related industry, including labor shortages and higher logistics costs, continued through the full year. - FY2018-Q3RestatedAnnual report
「In the food-related industries in which our group operates, the business environment remains challenging amid a severe labor market caused by labor shortages, compounded by households’ continued preference for economy.」
The challenging employment environment caused by labor shortages was reiterated as an ongoing factor contributing to the difficult business environment in the food-related industry. - FY2018-Q2WorsenedAnnual report
「Amid a continuing challenging employment environment due to labor shortages」
In addition to the previously cited cost pressures from driver and labor shortages, labor shortages themselves continue to create a challenging employment environment. - FY2017WorsenedAnnual report
「However, tight labor supply and demand due to labor shortages has led to higher labor costs, becoming a constraint on the economic recovery. In the food-related industry in which the Group operates, profitability improved through price increases by manufacturers and retailers, but the business environment remains challenging due to higher logistics costs resulting from driver shortages and other factors.」
In addition to higher logistics costs due to driver shortages, tight labor supply and demand and higher labor costs due to labor shortages were cited as constraints on the economic recovery. - FY2017-Q3WorsenedAnnual report
「However, tight labor supply and demand due to labor shortages has led to higher labor costs, becoming a constraint on the economic recovery. In the food-related industry in which the Group operates, improvement in profitability from price increases by manufacturers and retailers has leveled off, while the business environment remains challenging due to higher logistics costs resulting from driver shortages and other factors.」
In addition to the previously cited increase in logistics costs due to driver shortages, tight labor supply and demand and higher labor costs due to labor shortages are identified as constraints on the economic recovery, broadening the discussion of cost pressures. - FY2017-Q2First statedAnnual report
「Although the improvement in profitability from price increases by manufacturers and retailers has leveled off, the business environment remains challenging due to higher logistics costs resulting from driver shortages and other factors.」
Labor and driver shortages are described as contributing to the challenging business environment in the food-related industry through higher logistics costs.