The Logistics And Courier Industry In London
London can hold the perfect business customers for every franchise. Still, among the forest of new and small businesses in London, it can be challenging to determine where and how to find the perfect prospect.
London is a big name in international logistics. Just like the rest of the UK, London is ruled by a hand full of top courier delivery companies, including UPS, DHL, and FedEx. All of them have at least one warehouse in the capital.
However, London isn’t necessarily known for clear roads, so even though the parcel handling centres might be next door, it can still lead to delivery delays due to congestion and heavy traffic. Cycling couriers are becoming necessary to ditch the traffic and benefit the environment. It is expected that 14% of vans could be replaced through cycle delivery by 2025 in areas where LGVs contribute to more than 60% of traffic.
Regarding air freight, London is also on top of the list. Heathrow Airport handled about 1.2 million metric tonnes of airfreight in 2020 alone.
London Boroughs By GDP Per Capita
London has the richest of the rich but also reasonably poor areas. To help you determine what borough could be the most profitable for you, we created a table showing the population and the GDP per Capita.
Population
GDP per Capita
London Borough
£275,892
269,848
Westminster
£130,672
279,516
Camden
£108,254
331,969
Tower Hamlets
£82,736
248,115
Islington
£71,620
271,767
Hounslow
£70,565
320,017
Southwark
Kensington upon Chelsea
156,864
£68,654
183,544
£67,826
Hammersmith and Fulham
£55,399
309,014
Hillingdon
£43,622
183,544
Lambeth
Richmond upon Thames
198,144
£43,585
£34,527
280,941
Hackney
179,142
Kingston upon Thames
£33,956
Population
GDP per Capita
London Borough
£32,613
206,453
Merton
£31,636
340,341
Ealing
£31,563
327,753
Brent
£29,699
249,301
Bexley
£29,115
388,563
Croydon
£28,892
332,752
Bromley
£28,242
333,587
Enfield
£27,549
329,735
Wandsworth
399,007
Barnet
£27,097
£26,557
260,651
Havering
£25,498
252,338
Harrow
£24,876
207,707
Sutton
£23,880
289,034
Greenwich
£22,389
355,266
Newham
£19,928
Redbridge
305,658
276,940
Waltham Forest
£19,362
Emerging Growth Industries In London
When looking into what industries are expected to experience growth, you should distinguish between outer and inner London.
Inner London is known for its growing entertainment and hospitality sector, while outer London sees mainly growth in the healthcare, administration, and retail services.
London has high-earning companies in any sector, so it is worth looking at what industries are growing in the Uk in general. An example of this is the tech industry. While research shows that the entire UK sees a growing number of highly profitable tech companies, only 30% of unicorns (tech companies worth over 1$bio) created this year were outside of London.
Opportunities For Franchises Targeting London-based businesses
Being a World Options Franchisee, a single big business customer can make a significant difference. New businesses are opening up daily in London, making it a never-ending supplier of new potential customers.
Additionally, considering the simple connection to international business, Londoner businesses might be more drawn towards taking their business internationally, if they haven’t already, giving them more customers and you more shipments.
Summary
London has various shops and couriers in the city, making it an excellent playground for franchisees to find new customers. Looking at the GDP of a Burrough helps determine further what areas hold highly profitable shops. Targeting small tech companies, for example, is an excellent way of getting loyal customers and growing their business while growing yours.
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