During 2012, the UK consumed 1,468,000 barrels of oil every single day, according to BP. So what would happen if the price of those barrels, currently just above the US$100 mark, were to suddenly double, or even triple? It’s not beyond the realms of possibility – oil prices peaked at US$145 in July 2008, and though fracking may appear to have averted an imminent peak in the oil supply, the majority of proven reserves and many supply lines remain located in some of the world’s most volatile regions. Oil plays a role in practically every aspect of modern life, which means that a major price rise would surely have profound consequences. Exactly what those consequences might be is the subject of this October cover feature for Modus, the magazine of the RICS.
Does the word “eaches” mean anything to you? Do you know your omnichannel from your multichannel, your NDCs from your LATs, your dark stores from your cross-docks? In short, do you speak retail logistics? It’s a language that is fast evolving as a growing proportion of sales are made online, and retailers’ distribution networks are re-engineered to serve a much more dynamic market. In this special report for Estates Gazette, I investigated what this means for the traditionally unglamorous world of sheds – and found that what goes on behind the scenes is a lot more interesting than you might expect… Also in this issue: I interviewed Dino Rocos, operations director at John Lewis, on being a market-leader in omnichannel distribution and how it’s planning to stay ahead of the competition, and the customer.