According to a recent survey by the Logistics Hall of Fame in cooperation with the SCHUNCKGROUP,over halfof companies rate the risk of suffering financial losses due to the effects ofclimate change as medium to high.More than 70 percent of respondents have already invested in the sustainability-related areas of responsibility of climate, compliance and employees.

Every second transport and logistics company currently rates the risk of suffering financial losses due to the effects of climate change as medium to high. This is the result of the latest Logistics Hall of Fame Trend Surveyin cooperation with the SCHUNCK GROUP. For this reason, 75 percent of the companies surveyed have already invested in sustainability-related areas of responsibility based on the so-called ESG criteria. ESG stands for the abbreviation of theEnglish terms Environment, Social and Governance. 

Using the criteria, companies report the services already provided in these areas, and more companies will be legally obliged to do so in the coming years. Looking at the individual areas of responsibility according to ESG criteria, the companies surveyed primarily invested in the areas of compliance (83.3%), climate (77.8%)and employees (72.2%). Health and safety is also very important to companies-61.1% of survey participants had already invested in this segment. The areas of resource scarcity (16.7%), biodiversity and demographic change (11.1% each) play a rather subordinate role. “It is now more important than ever for logistics companies to actively address the issue of sustainability,” emphasizes Thomas Wicke, Managing Director of the SCHUNCK GROUP. “ESG criteria-environmental, social and governance-are not just buzzwords, but decisive factors that strengthen customer trust, reduce regulatory risks and ensure long-term economic success,” he adds.

When asked about the risks that currently cause the greatest danger to the logistics industry worldwide, the topic of cybercrime (83.3%) took first place, as in the previous surveys in the survey series. This is followed by a shortage of skilled workers (50 percent) and political risks (41.7 percent),and then supply chain disruptions (33.3 percent). Compared to the surveys of previous quarters, it is clear that the fear of cybercrime has increased further, while the risk of a shortage of skilled workers is currently perceived as slightly less threatening. Possible risk factors such as the outbreak of a pandemic or natural disasters, on the other hand, play a subordinate role in the risk ranking. The respondents on the panel had the option of selecting up to three risks for this question.

The survey is conducted several times a year with a C-level panel of managing directors, board members, and entrepreneurs from the Logistics Hall of Fame network and the SCHUNCK GROUP. This targeted group provides valuable insights into current industry sentiment, but the survey is not intended to be statistically representative.Background Logistics Hall of Fame:The Logistics Hall of Fame honors international personalities who have rendered outstanding services to the further development of logistics and supply chain management. The goal of the Logistics Hall of Fame is to serve as a global platform for documenting the milestones of logistics and honoring its movers and shakers, thus underscoring the importance of logistics for business and society. The Logistics Hall of Fame also presents the Logistics Leader of theYear Award to current pacesetters in logistics. In addition, the Logistics Hall of Fame recognizes innovative logistics projects by humanitarian organizations with the Lynn C. Fritz Medal forExcellence in Humanitarian Logistics. The sponsor is the Fritz Institute. The non-profit initiative is supported by politics, associations, media, business and science. Dr. Volker Wissing, Federal Minister for Digital and Transport, is the patron