Shortages of transportation capacity and space, and higher procurement costs
First written in FY2022-Q1. 4 of 10 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2021: 3 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「In domestic logistics, cargo movements improved as consumer spending and capital investment recovered, but upward pressure on logistics costs, including labor and crude oil prices, remained strong, and conditions continued to be difficult.」
Strong upward pressure on logistics costs, including higher labor and crude oil prices, continued to require responses in the transportation and procurement environment. - FY2025-H1RestatedAnnual report
「The business environment continued to require responses to upward logistics-cost pressures, including higher transportation costs resulting from persistently high fuel prices and higher general prices.」
Persistently high fuel prices, inflation and higher transportation costs continued to create logistics-cost pressure requiring action. - FY2024RestatedAnnual report
「The logistics industry continued to face the need to respond to the 2024 problem and upward cost pressures, including higher labor and fuel costs.」
Labor and cost pressures related to transportation-capacity shortages and higher procurement costs continued to affect the business environment. - FY2024-Q1MitigatedAnnual report
「Against this business environment, the Group’s results for the first nine months of the current fiscal year increased in revenue year on year because the cargo-partner group was newly included in the scope of consolidation and cargo movements partially recovered, particularly for digital-related goods. However, profit decreased because selling prices declined as tight supply-demand conditions in air and ocean transportation eased overall.」
The easing of tight supply-demand conditions in air and ocean transportation continued, reducing transportation-capacity and space risks but also causing lower selling prices. - FY2023MitigatedAnnual report
「The tight supply-demand conditions in air and ocean transportation that had continued since the COVID-19 pandemic also eased substantially, and supply chains moved toward normalization.」
The continued easing of tight supply-demand conditions in air and ocean transportation indicates a partial reduction in transportation-capacity and space risks. - FY2023-Q1MitigatedAnnual report
「The logistics industry was also affected by the prolonged downturn in major economies. International logistics remained generally weak because of production cuts in automobiles, electronic equipment and other products, while the tight supply-demand conditions in air and ocean transportation that had continued since the previous year eased substantially and the supply-demand balance changed.」
The substantial easing of tight supply-demand conditions in air and ocean transportation reduced some transportation-capacity and space shortages, although the easing was accompanied by weaker demand. - FY2022MaterialisedAnnual report
「Although fuel costs remain high, the trend toward resolving the overall situation of sharply higher freight rates has become increasingly pronounced.」
Persistently high fuel costs continue to pose a risk of higher transportation costs, although freight-rate inflation is showing signs of easing. - FY2022-Q1First statedAnnual report
「The procurement environment has become increasingly difficult, not only in Japan but also in advanced economies and China, because of labor shortages, rising labor costs against a backdrop of economic growth in emerging Asian economies, and growing demand for freight transportation.」
Labor shortages, rising labor costs, container shortages and shortages of air cargo space are identified as risks in the freight forwarding business.