Labor shortages, rising labor costs, and higher crude oil prices in the logistics industry

「A time lag in collecting appropriate charges to reflect cost inflation caused by higher freight rates temporarily narrowed the freight-rate spread.」

「In light of continued expected upward pressure on various costs due to exchange-rate fluctuations, labor shortages and persistently high resource prices, we intend to improve profitability through more efficient operation of logistics hubs and transportation and delivery processes, greater operational efficiency, and efforts to collect appropriate charges.」

「In light of continued expected upward pressure on various costs due to exchange-rate fluctuations, labor shortages and persistently high resource prices, we intend to improve profitability through more efficient operation of logistics hubs and transportation and delivery processes, greater operational efficiency, and efforts to collect appropriate charges.」

「As upward pressure on costs such as freight charges paid is expected against the backdrop of regulations on truck drivers' working hours, we plan to improve profitability through various measures to enhance transportation, delivery and operational efficiency, as well as initiatives to collect appropriate rates.」

「We worked to improve truck loading efficiency for the transportation and delivery of household appliances, daily necessities and other products in Japan, while also addressing soaring labor and fuel costs alongside reducing costs.」

「The prolonged situation in Ukraine, tight global labor supply and demand, persistently high energy procurement costs, and rising prices against the backdrop of the weakening yen are constraining companies' procurement of basic raw materials and parts.」

「In addition to the continuing disruption in the shipping market, including shortages of marine containers, upward pressure on costs from soaring fuel costs and labor shortages continues, and the outlook remains uncertain.」

「Due to factors including the decline in the working-age population associated with Japan's declining birthrate and aging population, shortages of the human resources needed to maintain supply chains have become increasingly severe across the industrial sector.」

「During the third quarter, Japan's economy was moving toward normalization of economic and social activity, and the Index of Industrial Production showed signs of recovery, although concerns remained over stagnation in consumer activity due to the prolonged global semiconductor shortage, soaring fuel costs and the spread of COVID-19 variants.」

「In addition to rising labor costs caused by labor shortages and uncertainty in the global economy due to the prolonged trade friction between the United States and China, downward pressure on the global economy has intensified as the economic impact of the worldwide spread of COVID-19 has deepened following the implementation of measures such as requests to refrain from going out and lockdowns in Japan and overseas to control the infection.」

「Due to rising labor costs caused by labor shortages, imports and exports to major regions such as the United States, China and the EU have continued to decline year on year in the latest monthly trade statistics. Along with uncertainty in the global economy, including the unclear outlook for the Chinese economy due to the impact of trade friction between the United States and China, the business environment remains challenging.」

「In the environment surrounding logistics, stored cargo volumes are trending higher, but the cargo turnover rate, an indicator of cargo movement, has recently declined year on year. The challenging operating environment continues amid global economic uncertainty, including rising labor costs due to labor shortages, the effects of US-China trade friction and higher crude oil prices.」

「In the environment surrounding logistics, stored cargo volumes are trending higher year on year, while the turnover rate, an indicator of cargo movement, has remained flat. The business environment remains uncertain due to rising labor costs resulting from labor shortages and the lack of visibility into the effects of US-China trade policy.」

「The challenging business environment continues due to rising labor costs caused by labor shortages and uncertainty over developments in US-China trade policy.」

「The challenging business environment, including persistently high labor costs due to labor shortages, continues.」

「The challenging business environment, including persistently high labor costs due to labor shortages, continues.」

「In addition, labor costs continue to rise due to labor shortages, and the challenging business environment continues.」

「The challenging business environment continues, including rising labor costs due to shortages of drivers and other personnel, as well as rising crude oil prices.」