2024 Autumn UK Budget and its impact on the Logistics and Supply Chain Software sector!
Here are some key takeaways:
- Increased National Insurance: Higher employer contributions may limit tech investments, posing a challenge for competitiveness.
- Logistics Minister: A dedicated role could enhance support for digital transformation, but effectiveness depends on government commitment.
- Infrastructure Investment: Funding for roads and rail offers opportunities for software solutions, but timely implementation is crucial.
- Sustainability Initiatives: £3.9 billion for clean energy presents chances for greener software, yet structured support is needed for transition.
- Digital Transformation: Focus on cybersecurity highlights the need for advanced solutions, alongside workforce upskilling.
- Support for SMEs: Financial relief can boost tech adoption, but accessibility must be ensured.
This budget brings both challenges and opportunities for Logistics/Supply Chain software. Full article Below.
https://www.linkedin.com/pulse/navigating-new-costs-opportunities-how-2024-autumn-zccde/?trackingId=HO%2FHToU2bqz%2BAXqS8olj1A%3D%3D