Wednesday, July 7, 2021

How is COVID-19 Situation Affecting Logistics Industry?

Nationwide lockdowns, restrictions on the borders, and operational hindrances on account of the outbreak of the coronavirus situation have disrupted the supply chain across the world. China has a deep-rooted supply chain network in most of the COVID-19-affected countries, including the U.K., the U.S., India, Hong Kong, Singapore, Japan, Spain, South Korea, Germany, and Italy. Apart from China, these nations are also involved in extensive trade of various essential and non-essential goods with one another. All these countries have had to temporarily discontinue their trading activities to contain the impact of the virus. 

Logistics Industry Growth


The COVID-19 impact on logistics industry can be mostly observed on offline logistics services. There has been a subsequent shift from physical shopping to online shopping due to the social distancing norms in the affected countries. These nations are embracing social distancing as a means to mitigate the spread of the coronavirus. This has resulted in a substantial switch to e-commerce platforms for procuring items that might have been otherwise bought from a brick-and-mortar store. Moreover, the shutdown of retail stores in the COVID-affected nations has put the brakes on offline-mode logistics services.

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As per P&S Intelligence, other logistics-dependent verticals, such as the food & beverage industry, also witnessed a substantial downfall in revenue due to the closure of cafés and restaurants. As eating outlets went into hibernation, the requirement for logistics services in this sector decreased severely. These services were used by food processing units to transport packaged food and drinks to retail outlets, as well as to move raw materials and the finished products between the source, factory, and warehouse. 

The COVID-19 impact on logistics industry is being witnessed in the major tactical changes being brought about by key service providers, such as Deutsche Post DHL, Supply Chain Solutions and Geodis, DB Schenker Logistics, Panalpina, Kuehne+ Nagel, Dsv Global Transports and Logistics, United Parcel Service (UPS), C.H. Robinson, and The Maersk Group. These companies are drafting backup policies to ensure recovery, so that when the pandemic subsides, the logistics industry is able to bounce back.

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Thus, the outbreak of the coronavirus has impacted all the logistics-associated industries owing to the social distancing and lockdown measures around the world.  

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