A review of Jersey’s freight and logistics industry to assess its competitiveness and value for money has moved a step closer with the appointment of a specialist firm to conduct it.
The Jersey Competition Regulatory Authority has recently appointed a firm called Fisher Associates to support its market study of the sector.
The study, which was announced in July, will assess how well the sector is working and if any changes should be recommended to make it work better.
Its terms of reference include comparing the sector with similar markets elsewhere, determining if anything can be done to promote competition, and working out if its structure reflects the economic fundamentals, such as the cost of transport, or other barriers, such as company failures.
The specialist firm is called Fisher Associates. Its director, Chris Fisher, said: “We are looking forward to working with the JCRA on this important project.
“Through previous engagements, Fisher Associates has experience of Jersey’s maritime sector, so appreciate many of the issues involved. This, along with extensive understanding of global freight and logistics markets, provides our team with firm foundations upon which to conduct the local study.”
Reviewing the freight and logistics industry is one of a series of market studies the Authority intends to undertake as part of its 2021 Business Plan.
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