Rising Logistics Costs Due to Labor Shortages
First written in FY2016. 5 of 9 entries say "Worsened", first in FY2017. Latest entry: FY2023.
Lion Office Products Corp. 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".
- FY2023RestatedAnnual report
「The so-called "logistics 2024 problem" presents major challenges affecting not only the logistics industry but the Japanese economy as a whole, including driver shortages, a reduction in transport capacity, rising logistics costs and the pass-through of these costs into product prices.」
Driver shortages and aging, rising logistics costs and the 2024 problem continue to be recognized as major logistics challenges. - FY2023-H1WorsenedAnnual report
「Logistics operations face major challenges affecting the industry as a whole, including delays in international logistics due to global conflicts, higher transportation costs resulting from soaring energy prices, and the so-called "2024 problem," including a decline in the number of delivery drivers and the aging of the driver workforce.」
In addition to the existing driver shortage and logistics delays, global conflicts, higher energy prices, increased transportation costs, and the decline and aging of the driver workforce continue to pose logistics risks. - FY2022WorsenedAnnual report
「Logistics operations face major challenges affecting the industry as a whole, including delays in international logistics due to COVID-19 and the situation in Ukraine, higher transportation costs resulting from soaring energy prices, and the so-called "2024 problem," including a decline in the number of delivery drivers and the aging of the driver workforce.」
In addition to the existing driver and truck shortages and logistics delays, the risk factors have expanded to include delays in international logistics, higher energy prices and the 2024 problem. - FY2021MitigatedAnnual report
「Although small-lot shipments and requests for specified delivery times are increasing, we have improved delivery efficiency by using a vehicle dispatch system to calculate efficient delivery routes and specify scheduled delivery times.」
The logistics burden from increasing small-lot shipments and requests for specified delivery times continues, but we are addressing it by using a vehicle dispatch system to calculate delivery routes and specify delivery times. - FY2020MaterialisedAnnual report
「The COVID-19 pandemic caused disruptions in various countries and regions, including material shortages and logistics delays resulting from factory shutdowns and postponed sailings of import containers.」
The previously identified risks of logistics constraints and supply disruptions actually materialized as factory shutdowns, postponed container sailings, material shortages and logistics delays associated with COVID-19. - FY2019WorsenedAnnual report
「Logistics operations face increasingly difficult conditions, including the long-standing serious problems of driver and truck shortages, the increase in small-lot deliveries due to online sales, excessive services such as same-day delivery and redelivery, and inefficient deliveries caused by lower load utilization.」
In addition to driver and truck shortages, further factors worsening the logistics environment have been identified, including online shopping, small-lot, same-day and redelivery services, and lower load utilization. - FY2018WorsenedAnnual report
「In addition to the "logistics crisis" since last year, we were affected by truck and driver shortages resulting from the construction boom and infrastructure development in urban areas ahead of the Olympics. We have nevertheless worked to improve logistics quality and accuracy by reviewing delivery routes for more efficient delivery and adjusting inventory using a supply-and-demand system.」
In addition to the logistics crisis, truck and driver shortages associated with construction and infrastructure development actually occurred. - FY2017WorsenedAnnual report
「Amid the "logistics crisis" triggered by price increases by major parcel delivery companies, we have actively built the foundation of our logistics operations by reviewing freight rates, rebuilding our organizational structure and reviewing the fire protection systems at the Ohtone Center, among other measures.」
In addition to the existing labor shortage and rising logistics costs, awareness of the risk has broadened to include the "logistics crisis" triggered by price increases by parcel delivery companies. - FY2016First statedAnnual report
「Although rising labor costs resulting from the prolonged labor shortage affected logistics costs,」
Disclosing that higher labor costs due to the labor shortage have already affected logistics costs for the current fiscal year.