The employment in the Warehousing and Storage Sector in Finland has shown a consistent decline from 2014 to 2023. In 2023, the sector employed 1.62 thousand full-time equivalents, reflecting an 8.73% decrease from the previous year. Major declines occurred in 2015 and 2017, with the highest year-on-year decreases of 39.17% and 29.53% respectively. Over the last five years, the compound annual growth rate (CAGR) sits at -6.61%. From 2024 onwards, forecast data indicates a continued downward trend, with an average CAGR of -9.96% leading to a projected employment figure of 0.868 thousand by 2028.
Future trends to watch for:
- Continued automation and technological advancements reducing the need for manual labor.
- Potential industry shifts due to global supply chain realignments and economic factors.
- New industry regulations or governmental policies impacting employment rates.
- Career retraining and adaptation strategies for displaced workers in this sector.