The Impact of Covid-19 on the Sector
The logistics area has been severely affected by the COVID-19 pandemic. As a result, our company has undergone challenges while adapting to the new reality and developing our products, activity, operation, and business connections.
Airfreight has suffered significantly due to border closures, lower overall market, and production stops. As a result, freight charges have surged, and there were few options for urgent transportation over long distances. Many ports were closed for business when the widespread outbreak of the coronavirus began.
The pandemic has led to developments that will fundamentally affect all logistics providers. Many businesses realized that they are highly dependent on individual suppliers.
Diversified supply chains that combine global and local suppliers and have shorter value-added chains can provide added resilience.
The Response to Crisis
Gradually, we face emerging of new supply chain technologies. This can dramatically improve the situation and support businesses’ ability to resist such a crisis.
Digital supply networks (DSNs) start to replace the traditional supply networks actively and prove to be efficient. Now organizations can have better end-to-end visibility, collaboration, agility, and optimization.
Due to the long pandemic, such advanced technologies as the Internet of Things, artificial intelligence, RPA, and 5G have gained brisk growth.
The impact of new technologies will be decisive for the evolution of the sector and its adaptation to global market consumption.
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