UK GENERAL ELECTION 2015: WHAT DOES IT MEAN FOR INTERNATIONAL LOGISTICS?

The UK is all set to vote on 7th May 2015.

Over the past few weeks, both the Conservatives and the Labour parties have made some big promises to woo the electorate. The majority of these promises have been around the topics of income tax, immigration policies, usage of benefits, strengthening the NHS and membership of the EU. However, it is hard to find promises made to strengthen foreign trade, import / export and international logistics.

GrowthIntel is a predictive analysis software which uses web scale analytics and machine learning to track the performance and activity of all UK companies using billions of digital and offline data points. Some of the important data points include shipping manifests, bills of lading, data from ports across the world, international contracts won by UK companies, location of import / export decision makers, etc.

Our data team analysed the buying patterns of logistics customers and put together a short report with compelling information that would be important to businesses operating in the international logistics sector. As a part of this analysis, our data scientists analysed the locations of the company that imported or exported physical goods between December 2013 and November 2014. The impartial analysis revealed that businesses in Labour dominated areas resulted in 25% more imports and exports than businesses in Conservative dominated areas.