The Jersey Competition Regulatory Authority (JCRA) has appointed Fisher Associates to support its market study of the Island’s freight and logistics sector.
The study, which was announced in July, is one of a series of market studies the JCRA intends to undertake as part of its 2021 Business Plan. Fisher Associates were appointed after a competitive procurement process based on criteria including proven expertise, strategic fit and value for money.
The study will focus on goods arriving or leaving by sea and not by air, given the relatively limited volume involved in the latter and nature of freight conveyed by air which tends to require rapid transport and therefore commands a comparatively premium price. Also, the study will not encompass the freight logistics involved in the bulk transport and storage of fuel and related products, which require more specialist and narrowly focused facilities and services and are therefore subject to specific economic factor
Fisher Associates was founded in 1995 and is a firm with extensive international experience providing specialist management consultancy in the maritime and related logistics sectors.
Peter Hetherington, Senior Economic Case Officer for the JCRA said: “We are pleased to announce that Fisher Associates will be assisting us with this study. They have extensive specialist experience in this area and will help ensure that we produce a robust, independent report on the Freight and Logistics market in Jersey that will be of significant value to the Island.”
Chris Fisher, Director of Fisher Associates, 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.”
The JCRA’s market studies will examine different sectors of the economy to evaluate any areas that could be improved for consumers, which includes government, businesses and citizens.
The decision to conduct a market study does not imply that a sector is not working; rather it is an opportunity to value-check what is working well and identify any areas for improvement.