8 Jun 2020, 09:40 — 4 min read
Logistics is naturally devasted by COVID-19 as it is one of the most physical of industries. The business in April for most transportation companies was down anywhere from 70% to 95%. The lockdown was extended for 30 major cities that account of majority of logistics hubs and warehouses.
Thus, there will be a very severe impact on logistics industry as we move forward.
Despite the easing of restrictions in green and orange zones, as on May 15, less than 20% of the fleet of over 10 million commercial vehicles is operational on ground. Over 5 lakh vehicles with inventory are estimated to be on road or parked at warehouses.
The ports have major congestion due to unavailability of trailers and containers to move exports as imported material is stuck at Container Freight Stations and ports.
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Warehouse fate is closely related to transportation. Most warehouses are full with inventory and due to offloading of cargo that was stocked after lockdown.
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Source: Apurva Mankad
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy or position of GlobalLinker.
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