The recent Coronavirus outbreak is having an impact on the logistics industry and is set to cause more disruptions to the calendar, particularly in the wake of Chinese New Year.
In this uncertain time, we wanted to share the potential impact of recent announcements on logistics, as well as our advice which we have shared with customers, so that you can take necessary precautions to ensure you and your business are least affected.
Due to Coronavirus, China’s government is taking necessary precautionary measures. These include extending the Chinese New Year break for specific provinces.
As a result, we expect an increase in demand for spaces in cargo vessels the weeks after the extension. We recommend to strategize your supply chain accordingly to anticipate any inconveniences.
While there is no need to panic, there a few simple steps we would advise taking at this stage – to ensure you don’t incur any costly shipments or delays that might impact your business.
The first step is to check if you have any imports/exports from China in the coming weeks – and particularly during and after the extended Chinese New Year week.
We know that demand for shipments following the extended break will be very high and this might impact short-term prices. The more you can delay the shipments the cheaper it will be.
Delaying shipments is never ideal. If you need shipments immediately, we suggest trying other forms of transportation if possible – like train or air.
We have a recommended partner who can help with this – Damco.
The Coronavirus is a developing situation – we advise you keep in the loop of the latest news from your carriers and suppliers, as well as governments and global organisations like the World Health Organization.
You can find the latest advisories from Maersk here.
We aim to help facilitate logistics throughout uncertain periods like this. If you have any questions, contact us through our global email – firstname.lastname@example.org – our online chat, or give us a call.