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ALAN WALLER,
8th January 2009, Page 20
8th January 2009
Page 20
Page 20, 8th January 2009
— ALAN WALLER,
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vice-president of supply chain at Solving Efeso and professor of supply chain management at Cranfietd School of Management
"If we see less money in people's hands, less access to credit and less confidence consumer spending will contract that drives the whole economy and the need for transport. Transport grows twice as fast as GDP so, by extension, if GDP reduces then haulage will shrink twice as fast.
"Reports I have seen suggest the best-case scenario is this will last a year-the worst, two or three years. There is overcapacity in transport and the [company] failures will be in excess of those we would have seen had the banks continued behaving as they did two or three years ago."