The non-specialized wholesale trade sector in the UK is forecasted to experience a steady decline in employment from 2024 to 2028. Starting from 69.12 thousand employees in 2024, it is projected to decrease annually by approximately 0.7%, reaching 67.42 thousand by 2028. This represents a compound annual growth rate (CAGR) of approximately -0.6% over the five-year forecast period.
Trends to watch for include:
- Potential automation and digital transformation impacting employment levels.
- The effect of Brexit-related trade policies on labor dynamics.
- The economic recovery's pace and its influence on wholesale trade demand.
