The transportation and logistics industry in New Zealand is one of the most dynamic sectors of the economy. In fact, it is the third-largest industry in the country, with a value of NZ$1.2 billion. The sector employs over 80,000 people and generates a turnover of NZ$5 billion.
The challenges faced by this industry are many: First, it is not easy to make predictions regarding future demand for goods and services; second, there are many suppliers competing for a limited number of customers; third, there are many regulations which need to be followed by every company that operates within this sector.
To address these challenges, companies need to adopt best practices in order to survive and thrive in this highly competitive environment. They must also be able to manage their cashflow well so as not to breach their debt obligations or fall behind on paying bills due at any point in time.
Elite Accounting has years of experience helping clients with financial planning and management reporting as well as tax compliance issues related to transport logistics companies operating in New Zealand