Let’s work together to keep logistics moving! Recent updates of Logistics companies around the world

Let’s work together to keep logistics moving!-- Recent updates of Logistics management around the world

The COVID-19 pandemic has forced many businesses to close temporarily due to the shortage of input materials from suppliers and the need to protect workers. Demand is declining, too, as consumers stay home and face the prospect of a large-scale economic downturn.

These are some of the data Kantipur Logistics’ gathered from the World Bank to keep you updated .

•  In February alone, shipping lines cancelled 105 sailings on routes from Asia to North America and Europe. Likewise, the Center for Aviation estimates that most airlines will be bankrupt by the end of May without government help.

• The Indian Foundation of Transport Research and Training estimates that 500,000 drivers and cargo workers were stranded at checkpoints across the country during the implementation of the nationwide lockdown.

• The International Road Transport Union has called on bodies such as the UN and the European Union to keep logistics chains open and provide financial support to operators so that they can, in turn, sustain the economy. The International Maritime Organization has provided guidance to authorities on the facilitation of maritime trade to keep port infrastructure running and protect the safety of workers.

• Denmark and Sweden are providing loan guarantees to their flag carrier, Scandinavian Airlines (SAS). Singapore has announced a plan to waive landing and parking charges to preserve airlines’ working capital, combined with measures to protect the wages of aviation workers. 

• The United Kingdom has recognized logistics personnel as “key workers,” which will allow them to continue accessing childcare and schooling for their children when they work. 

• Various logistics companies have announced measures to protect their employees and adapt operations. These include segregated shift schedules and warehousing locations for safe-distancing, review of business continuity plans, as well as paid sick leave and financial relief for impacted workers. 

The world needs logistics now more than ever. Logistics plays a major role in the manufacturing and transport of essential products, from food to medical equipment, test kits, and masks. Knowing the importance, above are some of the recent changes made in terms of partially opening up logistics and supply chain services around the world. Major logistics players will have to align their efforts to build on this momentum and develop a cohesive response to the pandemic. Ambition, coordination, and innovative thinking will be critical—not just to deal with the current emergency, but also to prepare for economic recovery and sustainability.  Read how Nepal plans to resume Logistics management in our next blog.