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Transport during a pandemic
Just two months ago, COVID-19 was an unfamiliar concept for the vast majority of the world’s population. But today, it is safe to say that society and the economy must first learn to “walk again” and move normally in order to overcome the devastating impact of the coronavirus.
Wherever we turn, whichever channel or radio station we switch on, this is the main – and often the only – topic of discussion. And there is a very serious reason for this fact… The impact of the coronavirus pandemic on the global supply chain and logistics can only be described as extremely alarming.
Even a month ago, when the first data emerged, it became clear that China’s production had collapsed and would not return to normal levels for quite a long time. And that was before the true scale of the pandemic became apparent. You don’t need to be a Nobel laureate to realize that if you take the world’s main manufacturer out of the equation, the impact on the global supply chain will be quite severe.
Adding to this the inevitable global recession and the unprecedented sharp drop in demand, the picture becomes even more troubling.
According to most national and international studies, at least 50% of companies are experiencing serious problems in their supply chains.
To put it mildly, the signs for the global transport industry, which has been feeling a slowdown since the end of 2018, are quite serious. The volume of goods and transport is decreasing and will continue to decline sharply in the future. The only bright spot is the steep drop in the price of raw materials.
Unfortunately, the devastating effect of the coronavirus on global trade does not appear to be ending anytime soon. No one has a clear idea of what lies ahead or what the real impact of COVID-19 will be on transport and logistics as a whole, for the simple reason that this is a once-in-a-generation event unlike anything seen before.
Economic scenarios are driven almost entirely by healthcare-related questions. If there were precise information on how long isolation measures would last, it would be possible to estimate how long it will take for the global supply chain and the economy to recover.
This is why, if companies want the economy and the supply chain to return to normal, we must all unite and win the fight against COVID-19. Only then will we be able to start rebuilding everything else – and that is why we must once again learn to “walk.”
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