Right now there are 1.3m job vacancies in the UK – the highest number since comparable figures began being recorded in 2001. That is a 62 per cent increase in job vacancies since the pandemic.

Following Brext, there are now the same number of job vacancies in the UK as there are unemployed people, only the second time in history that this has ever happened.

As a result, the UK is set for the slowest growth out of the G7 world’s richest nations, according to the IMF, expected to be just 0.5 per cent in 2023 compared with the 2.3 per cent previously forecast only in April.

Read the full article in HERE

Philipp Joeinig, boss of Menzies Aviation, which provides check-in and baggage handling services to major airlines, said the staff shortages crippling the industry were ‘predictable and preventable’.

He added a recruitment crisis had been sparked by Brexit and aviation workers should now be added to the shortage occupation list to alleviate pressure.

You can read the full article in HERE

Key points from the report:

• 2021 market sizes & growth rates, 2022 projections & forecasts to 2026 – split by region, air & sea.
• Digital freight forwarding landscape analysis.
• The publisher’s 2022 Digital Freight Forwarding & Global Freight Procurement survey findings.
• Examination of M&A activity within the market.
• Analysis of the state, and future of air freight.
• Comparative profiles of the largest freight forwarding companies.
• Analysis of the present & future of freight forwarding.

Key Findings:

• The global freight forwarding market grew by 11.2% in 2021 and is forecast to grow 5.7% in 2022.
• 2022 growth will be driven by air freight.
• 2026 forecasts are more pessimistic.
• Congestion in the ocean freight market continues to push traditional ocean shippers into the air freight market.
• Ocean freight and port congestion show few signs of improvement.
• Ti’s 2022 Digital Forwarding Survey reveals digital forwarders and booking platforms are used by 81% of surveyed shippers & LSPs.
• To become game-changers, digital forwarders must combine smart technology with operational experience.
• The entrance of shipping lines into the acquisition market has created a new driver of industry consolidation.

For more information about this report visit https://www.researchandmarkets.com/r/i775mf

A source told RollOnFriday that under the firm’s “modernise” programme, Freshfields is planning to relocate most of its back office work to Eastern Europe. Although some of that work will be retained in its Manchester base.

The Magic Circle firm has used PwC management consultants to advise on the move, said the insider, while Freshfields Global Head of Shared Services is spearheading the project.

Freshfields set up its low-cost office in Manchester in 2015, when it moved the majority of its UK support team and back office operations out of London. The northern hub also takes on certain types of legal work.

The firm would neither confirm or deny whether it was planning to offshore, onshore or nearshore its operations.

Full Article at https://www.rollonfriday.com/news-content/exclusive-freshfields-moving-its-back-office-eastern-europe