The European automotive market’s pulse and its implications for logistics took center stage at the ECG Spring Congress 2024 in Baveno, Italy. Amidst global inflationary pressures and China’s looming influence, industry leaders converged to decipher trends and strategies crucial for navigating this evolving landscape.
The state of the European automotive market and its bearing on vehicle logistics was laid bare at the Association of European Vehicle Logistics (ECG) General Assembly and Spring Congress 2024, this last week in Baveno, Italy. It’s no secret that inflation levels have been a global and persistent bugbear for automotive logistics companies, with rates remaining higher, for longer than average. However, Justin Cox, Director, Global Production, LMC Automotive, said that despite this, a dip in inflation is expected, as he delivered to an audience of logistics experts in their hundreds. The speed of this reduction is likely to be gradual, however. But there’s more… Read on…
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