The ongoing presence of the corona virus (COVID-19) is a major challenge to our global transport industry. In the future months, the transport and logistics sector are still likely to face disruptions and challenges to business across all transportation modes. However, it seems the global logistics industry is well prepared to face the challenges ahead.
The disruptions at production facilities in China continue to have an impact throughout global supply chains. While reports from China indicate that the situation is normalising, and that production is ramping up again.
Many industries that operated a (JIT) Just in Time process flows, e.g., vehicle manufacturers, have been impacted by reduced stock levels leading to production line down time.
Airfreight, especially freighters, has already been seen to be in higher demand due to shorter lead-times required for resupply. Additionally, European truck transport has, in the short-term, been affected by border closings and traffic restrictions, the Post Brexit effect has also impacted on the flow of goods across borders due to confusion and misinterpretation of the new rules. Although some European hauliers are reluctant to travel to the UK, at this time, this should align itself as all parties become familiar with the new customs procedures.
Today, the transport and logistics industry are among the most dynamic and interconnected industries in the world. Digitalisation, increasing integration of processes and the rapid exchanging of information will continue to drive the industry forward. As the pandemic begins to decline to a manageable level, the supply chain industry is well equipped to face the challenges ahead and see better times returning.