30th June 2020

Logistics Market Opportunities Post COVID-19 – Insights on Flexible Solutions and Alternate Delivery Models & Strategies to Mitigate Emerging Risks

The global logistics industry had a turbulent 2019, registering 1.2% in merchandise trade volume growth due to the stagnant global economy, trade disputes, geopolitical uncertainties, and environmental regulations. In Q1 2020, the COVID-19 outbreak flipped the growth switch in every area of the economy, and the global supply chain is no exception.

Post COVID-19 Growth Opportunity Analysis of the Indian Logistics Industry

India is facing several challenges amid its own country-wide lockdown: labor shortages, cargo capacity challenges, a manufacturing slowdown, order delays and stuck shipments, and demand and supply shocks. India’s real gross domestic product (GDP) is at its lowest in 6 years because of the COVID-19 standstill adversely affecting consumption and investment in the Indian economy.

The manufacturing halt has reduced demand for logistics services, which likely will result in downward pressure on prices across warehousing, freight, and logistics. With countries around the world imposing lockdowns, minimal export-import movements have amplified the crisis in the logistics space.

COVID-19 Update: Global Maritime Transport Consulting Service Market is Expected to Grow at a Healthy CAGR

The Maritime Transport Consulting Service Market Research Report helps out market players to improve their business plans and ensure long-term success. The extensive research study provides in-depth information on Global Innovations, New Business Techniques, SWOT Analysis with Key Players, Capital Investment, Technology Innovation, and Future Trends Outlook.

Source:- 3W  News

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29th June 2020

How Covid crisis is transforming India’s logistics industry

The supply chain disruption triggered by Covid-19-induced lockdown has prompted the manufacturing industry to shift from ‘just in time’ manufacturing to the agile ‘just in case’ manufacturing. Maintaining a buffer against disruptions is the new normal. Businesses are now looking at building resilience, chalking out contingency plans and bringing in agility.

The extra mile: preparing a supply chain for a COVID-19 vaccine

COVID-19 has placed huge stress on the global population, both emotionally and financially. In the UK alone, official figures suggest we are approaching 50,000 deaths1 as a result of the virus. Dealing with such a tragic loss of life has been difficult for individuals and governments alike.

Source:- EPR

28th June 2020

What COVID-19 Taught Us About the Supply Chain

COVID-19 pandemic is the importance of rethinking current supply chains and the benefits enabled by both their digitalization and the use of virtual inventories. The combination of additive manufacturing (AM) and digitization will likely encourage industries to rethink their approach to supply chains. 

The importance of reevaluating current supply chains stems from the inherent differences between traditional manufacturing and AM solutions. Traditional manufacturing by nature requires a global supply network with physical warehouses and physical shipping/logistics. One of the key characteristics of traditional manufacturing is mass production, where the greater the production quantity, the lower the price per part

Ramping up the supply chain post COVID-19

The global COVID-19 pandemic has in a way forced businesses to think of new and unique ways to cater to consumers, but at the same time this has also had a deep impact on consumer behaviour. Increasingly, customers are now exercising caution about where, what and how they make their purchases. With a demand in surge for essentials, companies across the globe, are rushing to streamline their supply chains to secure immediate operations.

Source:-Retail ET

26th June 2020

Extended period of lockdown, increase in COVID-19 cases to have strong impact on growth

NEW DELHI: Extended period of the lockdown and increase in COVID-19 positive cases will have a strong impact on the economic growth, while supply chain disruption is expected to keep food prices at elevated levels, a Dun & Bradstreet report said on Friday. According to Dun & Bradstreet Economy Forecast, while the slowdown in demand will continue, the migration of labourers has added to the challenges faced by companies, especially MSMEs (micro, small, and medium enterprises).

3 ways sustainable supply chains can build better business in a post-COVID world

The COVID-19 pandemic has shaken the world in profound and unexpected ways. More than nine million people have fallen ill from the virus and nearly 500,000 have died from it. The livelihoods of millions of farmers and workers have suffered, normal business has been disrupted, and the impacts continue to rise as the virus shifts to new regions.

The jury is still out on how severe and lasting the economic damage will be, or whether the pandemic will spur urgently needed action on climate change, rising inequality and sustainable development. One thing we can all agree on is that ‘normal’ will look different going forward.

Source: – World Economic Forum

25th June 2020

Accenture: supply chain challenges post COVID-19

 “A License for Growth: Customer-centric supply chains ”, is a global survey of 900 senior executives from nine major industries across 10 geographies. The report found the major supply chain challenges that have only been magnified by the ongoing COVID-19 global crisis, which includes inflexibility to deliver undifferentiated customer offerings, poor ecosystem design lacking the right partners and a siloed technology architecture that stifles collaboration and co-innovation.

“The supply chain has always been the lifeline to humanity. The COVID-19 health crisis has brought to light the critical need for a resilient supply chain that produces and delivers all essential goods and services quickly, safely and securely,” said Kris Timmermans, a senior managing director and global supply chain and operations lead at Accenture. 

27th May 2020

Container Shipping: Massive Blanking Of Sailings Has Supported Freight Rates As Demand Collapses

The coronavirus pandemic looks set to continue to hammer container shipping demand. While the lower demand that came when China shut down much of its manufacturing in February has passed, it was been replaced by a demand shock, as almost every other country entered their own forms of lockdown.

COVID-19 SET TO ‘HAMMER’ CONTAINER SHIPPING DEMAND

Container shipping demand will not enjoy a late summer – or even autumn – revival, according to Bimco. Indeed, rates are more likely fall rather than rise in the coming months.

“The coronavirus pandemic looks set to continue to hammer container shipping demand,” said Peter Sand, Chief Shipping Analyst.

“While the lower demand that came when China shut down much of its manufacturing in February has passed, it was been replaced by a demand shock, as almost every other country entered their own forms of lockdown

Source:-BIFA

Ships in Quarantine as Brazil Struggles With COVID-19

The shipping industry continues to find itself caught in Brazil’s struggles with the COVID-19 virus. The ports, which are vital to Brazil’s economy, are being challenged to manage operations with several ships being quarantined as the country’s health officials attempt to stop the spread of the virus.

Source:-Maritime Executive

26th May 2020

Covid-19: Disruption in DRE supply chain will impact several development outcomes

Disruption in supply of clean energy products and services by DRE enterprises will impact reliable energy supply and energy-dependent sectors like healthcare, agriculture, livelihoods, and others.

As the number of confirmed cases of COVID-19 inches upwards, with more than a million confirmed cases worldwide, experts fear that the global economy could shrink by 1 percent as opposed to the earlier prediction of 2.5 percent growth with closed borders, disrupted supply chains, and business shutdowns.

Kolkata Port Trust registers 13 Covid-19 cases, including three staffers

In face of rising cases of Covid-19 cases, (KoPT) is working hard to contain the spread of Covid-19 in the face of a spike in infections in West Bengal.

According to KoPT chairman“Large parts of the state have been affected and we, being rooted hee, cannot escape the infection. However, several measures are taken to contain its spread and keep morale high

Source:-Business Standard

25th May 2020

The role of global supply chains in the COVID-19 pandemic and beyond

Global supply chains are a central feature of the world economy. As most countries enter Covid-19 related lockdowns, there are concerns about both the present and the future of global supply chains. In the present, global supply chains are widely believed to transmit the crisis across countries (Baldwin and Freeman 2020). The future is forecasted to bring about at least some renationalisation of the supply chains (Javorcik 2020). This retrenchment of supply chains could be given an impetus by protectionist and nationalist policies that may come in the wake of the pandemic (Baldwin and Evenett 2020).

Adapting Supply Chain Strategies Amid COVID-19

The COVID-19 pandemic has caused an enormous strain on global supply chains as they rush to complete and ship orders as quickly as possible. With tightening budgets and a need to stay connected using technology, it is more important than ever for transportation and logistics companies to have an effective mobility strategy in place.

To adapt supply chain strategies, companies must have knowledge of existing technology, then determine which additional tools they must integrate to enable their current technology to support their new shipping needs.

Source:-Inbound Logistics

COVID-19 Fuels The Next Wave Of Change In Procurement

As COVID-19 continues to cause disruption across the globe, we are beginning to see the next wave of change for procurement. However, this time the shift towards automation and AI is enabling companies to survive during uncertainty and ensure business continuity. While the issue is ongoing, businesses can concurrently build new capabilities and ways of working that deliver continued value to customers, partners and shareholders.

Source:- Supply chain Digital 

23rd and 24th May 2020

COVID–19 and its impact on India Pharma Inc

The Indian pharma sector is the third-largest in the world. It manufactures almost 60 per cent of the vaccines used globally, including important ones, such as those against diphtheria, tetanus, and pertussis required by the World Health Organisation (WHO). Furthermore, the country meets 90 per cent of the global demand for the vaccine against measles.
Millions across the world use generic drugs produced by Indian drug manufacturers. More than 250 factories in the country have been approved by the US Food and Drug Administration (FDA) as well as the UK Medicine and Healthcare Products Regulatory Agency

Covid-19: Cargo Volume at Major Ports Slip 21% to 47 Million Tonnes in April; Chennai, JNPT Severely Hit

The country’s 12 major ports recorded a 21 per cent decline in cargo volumes to 47.42 million tonnes (MT) in April this year, mainly due to coronavirus outbreak, according to Indian Ports Association (IPA).

Ports like JNPT, Chennai, Cochin and Kamrajar witnessed huge decline in cargo handling, as per the latest data.
India has 12 major ports under the control of the Centre – Deendayal (erstwhile Kandla); Mumbai, JNPT; Mormugao, New Mangalore; Cochin, Chennai, Kamarajar (earlier Ennore), V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia) that handled 705 million tonnes (MT) cargo in the last fiscal.

Source:-News 18 

22nd May 2020

Port of Gothenburg Container Traffic in Full Flow as European Ports Falter

Ports throughout Europe have been hit hard by the current Covid-19 pandemic. This can be seen clearly in the recently published volume statistics from Europe’s largest ports. They are also feeling the knock-on effect of cancelled calls – in many cases up to 30 per cent.

Source:- Steel Guru

Major ports see 21% volume contraction in April due to COVID-19; sector outlook negative: Icra

Impacted by COVID-19, major ports in India witnessed  a steep 21% volume contraction  in April and bulk cargo throughput may shrink up to 8 %in the current fiscal
It said the container segment may witness a decline of 12-15 per cent during the current financial year.

Source:- Deccanherald 

21st May 2020

COVID-19 Continues to Disrupt the US Food Supply Chain Causing Severe Shortages

The impact of COVID-19 on global supply chains has been widespread across industries with electronics, capital goods, commodities, and retail firms all facing headwinds from reduced availability of raw materials
Over the past few weeks, US retailers and food industry players have been battling to ensure that the food supply chains remain robust in the light of unprecedented demand in recent weeks. The impact of the pandemic in the United States was so severe that it forced governments to impose rigorous lockdowns and travel bans in an effort to flatten the curve

Source:- Business Wire

COVID Crisis: Port Of Helsinki Temporarily Dismisses Entire Work Force

The coronavirus pandemic and the related travel restrictions have heavily impacted the business of the Port of Helsinki. Because of this, we have been forced to start extensive cost reductions. As a part of the reduction plan, the Port of Helsinki Ltd and its employees have agreed that the Port’s personnel will be temporarily dismissed.

Source:- Marine Insights 

20th May 2020

Container lines take tentative steps to restore capacity

Carriers are starting to make the first slight adjustments to their mid-June networks on some trades in what appears to be an attempt to match uneven demand patterns as countries and regions emerge from coronavirus disease 2019 (COVID-19) lockdowns at different times.

Source:- JOC.com

Indian Logistics Challenge Due To Covid-19 Pandemic

Logistics Industry is always said to be the backbone for the country to leap to the next level. However, in reality, it has been the most neglected industry. As the saying goes if you pay peanuts you get monkeys. For ages, Governments have neglected this Industry. The labor/workers and drivers have always got neglected. Industries paid pittance and Logistics Industry, in turn, exploited workers and drivers by paying abysmally low salaries and gave workers no job securities. Big company talked big about CSR compliance but outsourced logistics activity knowing fully well to meet the rate offered by company, their service provider has to flout norms. 

Source:- CPO Innovation 

Port Of Rotterdam Reduces Frequency Of COVID-19 Meetings

The Port of Rotterdam has reduced the frequency of meetings for the COVID-19 port consultation committee to once a week from daily meetings. The committee will continue to carefully monitor the situation and issue reports.

The decision was made following a period of stability in terms of the impact the virus had on operations at the port and in the region.

Source:- Marine Insights 

19th May 2020

COVID-19 unlikely to affect illicit drug supply, says United Nations Office on Drugs and Crime

Movement restrictions owing to the COVID-19 pandemic may lead to an initial statistical reduction in drug seizures, but without a real change in terms of supply in the East and Southeast Asia region, according to the latest report from the United Nations Office on Drugs and Crime

Source:- The Hindu 

Shipping Industry Seeing Signs of Recovery from COVID-19 Disruption

The shipping industry was severely disrupted by the COVID-19 crisis. However, there are signs of recovery due to increasing demand from Asia as well as a strong commitment within Europe to keeping ports open to allow for the delivery of food and essential goods. Demand for capesize cargo saw an increase in March as a result of growing interest from Japan and South Korea. 

Source:- Business Wire 

18th May 2020

UK Ports Face Greater Uncertainty Due To COVID-19 Than Did From Brexit

Just 36% of UK ports feel confident about their business outlook over the next 12 months and 86% reported either substantial or severe impacts on shipping and customer activities, according to new data published by the British Ports Association (BPA).

Data also shows that while most ports have not taken advantage of Government support measures, over half (55%) are not satisfied with the mechanisms and funding available

Source:- Marine Insight 

UK keeps ferry cargo shipping with COVID-19 subsidy

The UK government will provide a nine-week £35 million ($42 million) subsidy to ferry operators on cross-channel freight routes and those linking Britain and Ireland to keep vital cargo corridors open until the coronavirus disease 2019 (COVID-19) is under control and passenger revenue returns.

Agreements have been signed between the government and six ferry companies to ensure there is enough freight capacity to prevent disruption to the flow of essential food and medical supplies, much of which enters or leaves the UK via the Port of Dover.

Source:- JOC.com

The Impact of COVID-19 on South Africa’s Maritime Economy

The economic impact of the global lockdown is harshly felt, with the global freight and shipping industry being the biggest casualties. Global shipping markets have now declined, with the collapse in demand for goods from China having an effect on everything from container ships to oil tankers. Demand has dropped across the board, including at ports, the trucking industry, and the shipping industry. The subdued global demand is also evident in the decline in oil prices, which has had a negative impact on the offshore and onshore oil and gas industry. 

Source:- Maritime Executive 

17th May 2020

COVID-19: Transport industry latest news and analysis

As the urban transport sector continues to combat new daily challenges during the global coronavirus pandemic, Intelligent Transport’s COVID-19 hub collates the latest news and views from operators, authorities and associations from around the world.

Source:-  Intelligent Transport 

16th May 2020

Logistics sector to lose Rs 50,000 crore due to lockdown; relief package needed

Estimating losses to the logistics sector at about Rs 50,000 crore due to the coronavirus lockdown, industry body ICC on Thursday demanded a relief package for the industry, including priority lending and lower taxes.
The growing logistics sector in India is looking at mounting losses, with the aviation sector taking the biggest hit, the Indian Chamber of Commerce (ICC) said in a statement.

Source:-  Auto The Economic Times 

How Air Cargo Would Help Win The Fight Against COVID 19?

The economic repercussions of the COVID 19 started to surface as early as January when the number of the cases in China started to rise exponentially. No one really can tell for how long it will persist and what could the repercussions be. It’s even worse than the global financial crisis of 2008 or the one led by SARS.

Source:- Qafila

15th May 2020

COVID-19 Implications on the Shipping Industry: Sharp Increase in Demand for Port Storage Facilities

COVID-19 has caused shipping demand to fall and remain lower for much longer than in a usual year. The shipping industry had expected demand would be lower during the Chinese New Year celebrations and had introduced measures to deal with the lower demand such as blanking container ship sailings. However due to the outbreak of COVID-19 many shipping companies found themselves with no other option but to prolong these measures as countries responded by limiting travel and placing restrictions on the movement of goods..

Source:-  GlobeNewswire

Supply Chain Security on Thin Ice in The Age Of COVID-19

In the age of the COVID-19 pandemic, global supply chain security is placed under extreme pressure as a result of cyber security threats

sentiment supported by the researchers themselves, who state that supply chain security is becoming an increasingly graver concern as a result of the COVID-19 outbreak. “The COVID-19 crisis and associated global lockdowns are causing dramatic increases in the short-term and medium-term risks radiating from an organisation’s supply chain,”

 

Source:- CPO Magazine

14th May 2020

Global container volumes to witness sharp fall due to COVID-19, warns Maersk

The crisis has disrupted the balance of the container shipping trade as supply chains have been turned upside down, and disruptions marred businesses and factory activity in China and later across the world.

Maersk, which also reported a 23% rise in first-quarter core profits on Wednesday, now expects global container demand to contract this year, after previously forecasting growth of between 1% and 3%.

Source:-  Logistics Insider 

Ports coping as avalanche hits from trade wars and COVID-19

Global trade is expected to decline quarter-on-quarter by 27% and container volumes will drop at an equally dramatic rate due to the impact COVID-19 had had on the global supply chain, according to the Committee for the Coordination of Statistical Activities (CCSA) in a report organised by UNCTAD.

However, ports are prepared to for the unprecedented challenges, or so was the consensus during the International Association of Ports and Harbor’s (IAPH) webinar held on 13 May.

Source:- Port Technology 

13th May 2020

Prospects of US freight recovery fade on new COVID-19 stings

As some states ease stay-at-home orders despite the lack of testing and contact tracing, threatening flare-ups of the coronavirus disease 2019 (COVID-19), the prospect of a significant US freight recovery this year is fading. Equally alarming are the hits various transport sectors have already taken due to the volume drop, hinting at the scale of pending damage for the rest of the year.

US ports are projecting a 20 to 30 percent drop in container volumes in the first half of 2020, according to the American Association of Port Authorities (AAPA). The Global Port Tracker report on May 8 downgraded the outlook for import volumes even further, dispelling hopes for a peak season as it forecasts double-digit year-over-year volume declines each month until September

Source:-  JOC.com

Container Shipper Maersk Warns of 25% Volume Slump

The world’s largest container line is bracing for a historic slump in demand after emergency lockdowns across the globe left international trade in tatters.

A.P. Moller-Maersk A/S, which controls about one-fifth of the global fleet used to transport goods by sea, says the fallout from COVID-19 will drive volumes down by as much as 25% this quarter.

The bleak signal from Maersk follows a warning from the World Trade Organization last month that the pandemic could result in the worst collapse in international trade flows since World War II.

Source:- Transport Topics 

12th May 2020

Market share gains for rail cargo to soften the covid-19 blow for Concor

Business volumes dropped 3.9% in January-March (Q4FY20) this year, more than the 1-2% fall in the earlier three quarters. 

The steep fall in container traffic at major ports may not have commensurate impact on Container Corp. of India Ltd (Concor). It is able to store cargo at its warehouses and thus gain market share, especially because of the restrictions on inland road transport.

Source:-  Live Mint 

Sailing schedules fall victim to COVID-19

The practice of cancelling sailings on an industrial scale has been, since February, the strategy put in place by the carriers to address the huge volume drop across major container trades globally, since the outbreak of COVID-19.

Source:- Helleing Shipping News

11th May 2020

COVID-19 Impact on Logistics & Supply Chain Industry Market by Industry Verticals, Mode of Transport, Region – Global Forecast to 2021

Post COVID-19, the global logistics market size is projected to grow from USD 2,734 billion in 2020 to USD 3,215 billion by 2021, at a Y-O-Y of 17.6%. The major drivers of this market are increasing focus on the continued supply of essential commodities, creation of supply chain stabilization task force to fight COVID-19, and growing demand and distribution of personal protective equipment. The factors that restrain the market are labor shortage and a shortage of COVID-19 testing kits. The projection for 2021 is estimated to be down by over 10-15% as compared to the pre-COVID-19 estimation.

Source:-  PR Newswire

Amid COVID-19, cargo container shortage sparked fears of product shortages in Canada

Most of the goods people use are transported at one time or another by metal cargo containers. 
As the coronavirus brought activity at some ports to a halt, there was fear this would result in a shortage of cargo containers and leave store shelves bare.

Most of the goods people use day in and day out are transported at one time or another by rectangular metal containers that can be six to twelve metres long and about two metres wide. Everything from food, medical supplies and electronics are moved this way.

Source:- CBC

10th May 2020

COVID-19 leaves pharmacies firms facing a bitter pill 

The raw material shortages, supply chain disruptions and lack of packaging material had hit pharma production until now, the movement of migrant labourers to hometowns could pose another challenge in the form of inadequate manpower for producers. Currently, only a few big players like Sun Pharmaceuticals, Cadila Pharmaceuticals, Dr Reddy’s Laboratories, and Aurobindo are operating at capacities upwards of 60 per cent

Source:-  Indian Express 

COVID-19 pandemic may be good news for India’s economy or may be bad for China

Due to the adoption of free-market principles in China, it has become emerging market economy and one of the world’s most hyped investment locations due to promising opportunity to many companies and investors.

In China, the epicentre of the COVID-19 pandemic, it appears that its economy is to be going down. In the first two months of this year, its economy was already damaged due to pandemic and now number of foreign investors and foreign companies are stepping out from the China and looking to Invest in other Asian countries and India can grab these opportunities.

Source:- Financial Express 

8th May 2020

COVID-19 severely disrupting oil and gas supply chains

Coronavirus (COVID-19) Case Study: Impact on Oil & Gas Supply Chain, notes that global trade and transportation have virtually come to a halt as countries attempt to contain the spread of COVID-19. Industrial activity has also plummeted.

Ravindra Puranik, Oil & Gas Analyst at GlobalData, comments: “This unprecedented catastrophe is destroying global oil and gas demand and unsettling the entire ecosystem. Daily activities of producers, equipment and service providers, engineering procurement and construction (EPC) contractors, storage and transportation companies, fleet operators, traders and marketers are now either delayed or cancelled.”

Source:-  Hydrocarbon Engineering 

The Impact of COVID-19 on the MRO Supply Chain

 As Maintenance, Repair and Operations (MRO) are essential supplies for the smooth running of a businesses, any failure in the MRO supply chain can amount to huge operational expenditures due to increased downtimes. The MRO supply chain is complex, with thousands of SKUs (stock keeping units) across varied categories. With the worldwide disruption due to COVID-19, industries are striving to maintain as much continuity as possible in their machine-parts and maintenance material supply.

Source:- GEP

7th May 2020

WHO is re-imagining and fixing the links in the supply chains during COVID-19

WHO fulfills country requests by placing orders through long-term contracts with vendors who ship cargo via freight forwarders. The COVID-19 pandemic turned the process upside down. Disruptions in Chinese manufacturing fractured global supply chains, creating shortages in the face of soaring demand. Market competition increased, trade restrictions were implemented, and commercial flights were grounded. These challenges created a whole new level of complexity

Source:-WHO

IMPACT OF COVID-19 ON SHIPPING AND LOGISTICS

The logistics chains are going through unusual and massive losses from the disruption caused by the COVID-19 pandemic. The disruption is both from supply and demand side. Terminals, CFSs, ICDs and warehouses are feeling the heat. The shutdown of factories and scarcity of manpower to de-stuff cargo as well as drivers to operate trucks for cargo evacuation has derailed the trade and smooth functioning of the logistics industry

Source:- Maritime Gateway 

Impact Of COVID-19 On Retail Industry And Supply Chain In India

The nationwide lockdown was imposed, due to which businesses and retail sectors have been most impacted. The economy is at stake as most of the offices and production companies are shut. Companies ready with products for sale are unable to send it to the retailer because of the weak supply chain.

Source:- Gizbot 

6th May 2020

COVID-19 Impact on Global Supply Chains

These success stories offer in-depth insights into Quantzig’s supply chain analytics capabilities and also sheds light on the importance of leveraging analytics to tackle supply chain disruptions that are currently being witnessed across industries.

According to Quantzig’s supply chain analytics experts, “Owing to the ongoing COVID-19 induced supply chain disruptions, the global supply chains will require restructuring to ensure business goals and objectives are met

Source:-Business Wire 

Here’s how global supply chains will change after COVID-19

The COVID-19 pandemic has hit global trade and investment at an unprecedented speed and scale. Multinational companies faced an initial supply shock, then a demand shock as more and more countries ordered people to stay at home. Governments, businesses and individual consumers suddenly struggled to procure basic products and materials, and were forced to confront the fragility of the modern supply chain. The urgent need to design smarter, stronger and more diverse supply chains has been one of the main lessons of this crisis.

Source:- World Economic Fourm

Covid-19 won’t be able to damage Indian agriculture

The Centre has given several exemptions to the rural and agricultural sector from the lockdown — including all farming operations and mandis. This has definitely helped maintaining continuity in the supply chain, says Union minister Narendra Singh Tomar.

Source:- Hindustan Times 

5th May 2020

Storage containers at ports full to capacity

The nationwide lockdown, which has brought transportation of goods to near standstill, has left the ports truggling with storage capacity. Logistics experts and container operators say storage container at ports are almost full, with many of the container perishable and essential commodities 

Source:-Mumbai Mirror 

How to protect global supply chains under threat from the COVID-19 pandemic

Almost 90% of global trade is transported by sea. At the same time, the offshore industry is a major component of global energy supply, while mariculture and capture fisheries constitute vitally important sources of food and animal feeds.

Source:- World Economic Fourm

4th May 2020

COVID-19 crisis puts China’s monopoly of global supply chains in focus, but presumptions of India benefitting are misguided

COVID-19 has thrown light on a global blind spot. The world has suddenly woken up to the reality that a hegemonic China has become the irreplaceable fulcrum of a globalised economy and is using that leverage to develop untrammeled power.

Source:-Firstpost

What have we learnt from COVID-19 so far?

The markets, particularly for shipping, oil and stocks, have been highly volatile over the last few months and the news cycle endless. In these times of uncertainty, real time and objective data is critical to understand and take advantage of the ever evolving situation. Below are three thoughts on what we have recently learnt from our data over this time, and one comment on how the world may finally be perceiving cargo shipping in a new positive light.

Source:- Sea News 

3rd May 2020

Oil trade comes to a halt, but India’s import bill gets cheaper

The Covid-19 pandemic has put a brake on India’s trade in oil and petroleum products, both import and export growth slowing down sharply in the month of March 2020. However, the collapse of global oil prices in the last quarter of the 2019-20 financial year has helped the country reduce its oil import bill, while increasing import volumes at the same time.

Source:- Indian Express 

2nd May 2020

COVID-19’s Disruption of India’s Transformed Food Supply Chains

COVID-19 has created high transaction costs and uncertainty in India’s transformed food supply chains, putting food security at risk as 92% of food consumption in India is purchased, predominantly from the private sector. Government faces the challenge of marshalling resources between mitigating the impending food crisis and containing the contagion as the risk of sociopolitical tensions looms large. 

Source:- Economic and Political Weekly 

COVID 19 pandemic and Logistics & Supply Chain

Supply Chain and logistics has also faced the setbacks and difficulties to a great extent. In the initial days of the outbreak of the disease from China, Chinese markets were affected with most manufacturing units of Construction, Chemical and Shipping industries badly hit. Also this affected the imports of several countries as China happens to be the main trade partner for raw materials, finished goods, spare parts, and so on

Source:- Indian Retailer 

1st May 2020

How is the air cargo industry reacting and responding to the COVID-19 pandemic?

the International Civil Aviation Organization (ICAO) has produced its study, which is updated on a weekly basis and shared with TIACA and other partners.

However, most of the estimates do not include potential impacts on the international air freight movements on cargo-only aircraft because of the lack of reliable data. What stands out is one of the recent assessments from Seabury

Source:- International Airport Review 

Container cargo imbalance from COVID-19 deepens

Forwarders and insurers warn that cargo flows are becoming more uneven across key markets as a natural container imbalance on headhaul and backhaul trades is exacerbated by extensive blank sailings from carriers trying to match capacity with declining demand.

Stay-at-home orders and the closure of most retail outlets across Europe and North America since early March to limit the spread of the coronavirus disease 2019 (COVID-19) has erased consumer demand and stopped manufacturing in many parts of the world. 

Source:- JOC.com

COVID-19 hastens container shipping’s path to oligopoly

The current pandemic crisis is the third time in the new millennium where we are about to witness a fundamental shift. A closer examination will show many more nuances than can be covered in this space, but from a helicopter perspective it is instructive to look at the changes in the first two decades of the millennium and then the anticipated change in store for the third decade.

Source:-JOC.com

30th April 2020

How COVID-19 Supply Chain Issues Are Impacting Retailers With Products Made In The US

Supply chain issues remain a top concern for retailers during the COVID-19 crisis. 

Of 558 US manufacturers surveyed in March, 78% anticipated a financial impact while 36% were already facing supply chain disruptions.

Source:- Forbes

COVID-19 Economic Impact Tracker: How Supply Chains Are Adapting

Government stay-at-home order are driving supply chain shifts as consumers increase the amount of shopping they do online and more food and supplies are being distributed through consumer (rather than commercial) channels. These abrupt changes in consumer behavior are causing demand for warehouse space to increase rapidly, which is expected to boost demand for a wide range of building and construction materials

Source:- PR Newswire

Impact of COVID-19 on the Logistics Industry, 2020 Report 

The Global Logistics market accounted for $10.68 billion in 2018 and is expected to reach $15.88 billion by 2027, growing at a CAGR of 4.5% during the forecast period.

Some of the key factors propelling the market growth are rising use of multimodal transport and innovation in mobile technologies. However, lack of uniform governance standards in developing and underdeveloped countries is the restraining factor for the growth of the marke

Source:-Business Wire 

29th April 2020

Future of Indian supply chains and opportunities in a post COVID world

Due to COVID-19 India’s supply chains will go through huge transformations in the next few years. As ongoing supply side issues start getting addressed, the demand contraction in several industry segments creating further disorder. Organizations would need to adapt to this new reality and consider some of the following thoughts to build supply chain resilience.

Source:- Retail Economic Times 

Transplace Announces Second Quarter 2020 Logistics Market Quarterly Update Spotlighting COVID-19 Global Supply Chain Disruptions

The report spotlights the impact of the COVID-19 pandemic on the global supply chain. Using proprietary analytics from Transplace’s over $9 billion in freight-under-management, the quarterly report provides shippers and carriers with unprecedented access to the transportation market, including the United States, Canada, Mexico, and international ocean logistics. Supply chain, transportation, and logistics professionals can use the report to streamline their operations and prepare for what’s ahead in the second half of 2020.

Source:- Business Wire

28th April 2020

Crop Input Supply Chain Shows Resiliency Amid Coronavirus

Global supply chains have seen significant disruption from the spread of COVID-19. For crop protection, it has interrupted production along the entire crop input value chain — from raw materials to manufacturing to packaging to distribution to transportation. The Chinese authorities reacted to this outbreak by imposing severe restrictions on movements of people, effectively imposing curfews and quarantines across the country from the end of January onward. This necessarily also affected the economy, as many production sites closed in order to reduce possible contact between individuals.

Source:- AgriBusiness Global 

Logistics down by more than 50 percent amid COVID-19 outbreak

Logistics companies have experienced more than a 50 percent decline in overall business performance since the COVID-19 outbreak hit Indonesia in early March, the Indonesian Logistics Association (ALI) reported.

Source:- The Jakarta Post 

27th April 2020

Managing COVID-19: How the pandemic disrupts global value chains

 The Chinese authorities reacted to this outbreak by imposing severe restrictions on movements of people, effectively imposing curfews and quarantines across the country from the end of January onward. This necessarily also affected the economy, as many production sites closed in order to reduce possible contact between individuals.

Source:- World Economic Forum

Covid-19 crisis shows supply chains need to embrace new technologies

 The governmental decisions and factory shutdowns have attracted most of the blame, the crisis has thrust the widespread confusion that plagues global supply chains throughout the year into the global spotlight.

Put simply, entities throughout a supply chain, from manufacturers to retailers, all too often don’t have a firm hold on just how much they need to be ordering, creating, shipping, and selling. Yet they’ve shied away from technologies that could help turn this around.

Source:- World Economic Forum

Battered and bruised, global supply chain shifts to recover-and-survive mode

The CEO of Coca-Cola Co. described what he saw from the helm of the iconic American beverage company.According to James Quincey “The supply chain is creaking around the world, Fast forward a month and some strains remain and some are worsening, particularly in the pipelines for fresh food and medical goods

Source:- Economic Times 

26th April 2020

Fewer Products, Localized Production—Companies Seek Supply-Chain Solutions

Companies have spent much of 2020 racing to shore up supply chains as the coronavirus shut down much of the world, but business leaders say they expect problems to remain even as countries start to reopen their economies.

Source:- Wall Street Journal 

Mitigating disruption in transportation amidst COVID-19

With economic activity grinding to a halt in most industries, transportation companies are trying to adjust to the dynamic market conditions. Recent numbers from Geotab show commercial transportation in the U.S. and Canada is operating at 89% capacity for heavy trucks, while transportation to grocery stores is at 90%.

Source:- Supply Chain Digital 

25th April 2020

How COVID-19 Can Restructure Supply Chains Forever

The COVID-19 pandemic has highlighted real problems with global manufacturing supply chains. According to Supply chains are globalized, even for small- to medium-sized businesses. This additional complexity to supply chains adds risk of disruption in times such as these. The other factor is that “just-in-time” supply chains are great for lean manufacturing, but just-in-time does mean that there are less buffers that handle disruption.

Source:- Machine Design

Shipping Minister Discusses Business Continuity Plan with Maritime Industry Leaders

Union Minister, Mansukh Mandaviya discussed business continuity plans with representatives of the maritime industry. He also assured the industry leaders that the Indian ports are ready in full capacity to start operations as usual but there are a few challenges due to COVID-19, which will be solved with policy decisions and their sincere implementation

Source:- Money Control 

24th April 2020

How COVID-19 Can Restructure Supply Chains Forever

The COVID-19 pandemic has highlighted real problems with global manufacturing supply chains. According to Supply chains are globalized, even for small- to medium-sized businesses. This additional complexity to supply chains adds risk of disruption in times such as these. The other factor is that “just-in-time” supply chains are great for lean manufacturing, but just-in-time does mean that there are less buffers that handle disruption.

Source:- Machine Design

Shipping Minister Discusses Business Continuity Plan with Maritime Industry Leaders

Union Minister, Mansukh Mandaviya discussed business continuity plans with representatives of the maritime industry. He also assured the industry leaders that the Indian ports are ready in full capacity to start operations as usual but there are a few challenges due to COVID-19, which will be solved with policy decisions and their sincere implementation

Source:- Money Control 

23rd April 2020

India to export hydroxychloroquine, paracetamol to over 40 countries

India will export 285 million tablets of anti-malaria drug hydroxychloroquine (HCQ) to 40 countries on a commercial basis, while five million tablets are being gifted to a number of nations to help the world fight Covid-19

Source:- Business line 

22nd April 2020

Covid-19 Impact: Port Congestion Adds to Exporters’ Woes

Import containers have piled up at ports as manufacturing of non-essential goods is yet pick up under the lockdown, prompting some ports to shut export gates.

India’s exports shrank almost 35% in March, the biggest contraction in almost a decade, reflecting the global slowdown made worse by the Covid-19 pandemic.

Source:- Economic Times

COVID-19: Govt Asks Major Ports to Defer Rentals, Waive Charges, Penalty in View of EXIM Cargo Drop

Noting a drop in export-import cargo due to supply chain disruptions on account of the COVID-19 pandemic, the government has asked India’s all 12 major ports to defer the lease rentals and licence fees-related charges for April, May and June.

They have been asked to waive rentals in proportion to the cargo drop and not to levy penalties.

Source:- Economic Times

COVID-19: Government Paves Way for Return of Stuck Seafarers to Homes, Issues Guidelines for Crew Change

The government has come out with guidelines for change of crew at Indian ports, a move that will put an end to hardships faced by stuck seafarers and pave way for them to return to their homes.

Under the standard operating procedure (SOP), any seafarer would be allowed sign-on at the port of embarkation only after test for COVID-19 is found negative, failing which action as per guidelines of the Ministry of Health and Family Welfare would be taken.

Source:- Economic Times

21st April 2020

COVID-19: Health Ministry Seeks Ban on Export of Anti-TB Drugs

The Union Health Ministry has sought a ban on the export of anti-tuberculosis drugs over concerns that the lockdown due to COVID-19 has affected the production of such medicines. Delay in production and receipt of supply may cause acute shortage of these drugs, as per Union Health Secretary, they have requested an empowered group of government officials to direct the department of pharmaceuticals under the ministry of chemicals and fertilizers and commerce ministry for issuing necessary directions for prohibiting export of anti-TB medicines.

Source:- Financial Express 

‘COVID-19 Gives an Opportunity to Rethink Pharma Logistics and Supply Chain’

The COVID-19 pandemic has impacted the industry globally, including the Indian cargo industry.  The pharma companies need to enhance their supply chain and make their logistics systems more efficient to deal with such medical emergency situations

Source:- Express Pharma

20th April 2020

Covid-19 Impact: Steel Firms to Focus on Exports Till Demand Improves

As per the director of JSW Steel, the domestic demand is expected to restart gradually with segments like packaging, steel products for domestic gas distribution, infrastructure, special steel for automotive etc.” For the next one to two months, the focus will be on a balance between domestic and exports.

Lockdown measures to contain the spread of Covid-19 pandemic had immensely affected steel customers like auto and construction segments that closed down. Being an intermediate product, dependent on derived demand, steel companies resorted to rationalising production.

Source:-  Business Standard 

19th April 2020

COVID-19: Drugs With Less Than 60% Shelf Life Allowed to be Imported on Condition

Because of COVID-19 situation, the Central Drugs Standard Control Organisation (CDSCO) has allowed import of drugs with less than 60 per cent residual shelf life on the condition that importers give an undertaking that the drug would be utilised or consumed before the expiry date.

Source:- Economic Times

Covid-19 Impact: Biz Environment Gets Tougher for Ports, Logistics Firms

The Covid-19 pandemic has made business tougher for domestic ports and logistics companies, which were already grappling with falling earnings amid the global economic slowdown.

Currently, different sections of the business, like warehousing, trucking and last-mile delivery among others, are facing several challenges, with labour shortage being the biggest challenge across all the segments.

Source:- Business Standard

18th April 2020

Government Fast Tracks Digitisation of Bill of Lading to Deal with Post Covid-19 World Trade

The lockdown restrictions and the need for social distancing to curb the spread of coronavirus have caused severe impediments to EXIM trade in issuance, delivery and dispatch of the hard copy trade documentation required by many departments, authorities and financial institutions.This has hurt the release of import containers and cargo at various ports in India.

Source:- Business Line

17th April 2020

COVID-19 Flipped the Growth Switch In Every Area: Sebastian Wulff

COVID-19 impact has spared none, irrespective of sector, size and age. One of the biggest sectors affected by the global pandemic is shipping and logistics, which is labour intensive and connects every corner of the globe.

As the COVID-19 crisis accelerates, shipping and logistics sector will need to show more resolve to withstand the scourge.

Source:- Sea News

India to Export Hydroxychloroquine to 55 Covid-19 Affected Nations

India has decided to supply anti-malarial drug ‘hydroxychloroquine‘ to 55 countries. India is exporting the drug to 21 of these countries on a commercial basis and the remaining will receive it on a grant in very small quantities. 

The Hydroxychloroquine drug was identified by the US Food and Drug Administration as a possible treatment for the COVID-19. The drug is currently tested on more than 1,500 coronavirus patients in New York

Source:- Jagran Josh 

16th April 2020

Export Demand from Indonesia will Compensate Fall in Domestic Sugar Demand Due to Lockdown

Export demand from Indonesia will help compensate fall in domestic demand for sugar due to lockdown.

With Indonesia opening up its market for Indian sugar, including giving the preferential lower import duty to India (along with Thailand and Australia), Indian sugar will be in very high demand in Indonesia.

Source:- Economic Times

Logistics Sector to Lose Rs 50,000 Crore Due to Lockdown

Estimating losses to the logistics sector at about Rs 50,000 crore due to the coronavirus lockdown, industry body ICC on Thursday demanded a relief package for the industry, including priority lending and lower taxes. The growing logistics sector in India is looking at mounting losses, with the aviation sector taking the biggest hit, the Indian Chamber of Commerce (ICC) said in a statement.

Source:- Economic Times

15th April 2020

Seafarers in Limbo as COVID-19 Hits Shipping

With the world in the midst of the coronavirus pandemic, the shipping industry is already feeling the impact as the global economy heads into a deep recession.

Hundreds of ship sailings have been cancelled as first ports in China, and then across the globe, have seen trade fall away – with millions of workers and consumers in lockdown.

Caught in the centre of this have been the world’s 1.6 million seafarers, on 50,000 tankers and cargo carriers. Many of them are unable to leave their ships, or find themselves stuck in hotels without pay and unable to get flights home.

Source:- Yahoo Finance 

COVID-19 Impact: Ships Stuck at Ports Due to Shortage of Workers, Trucks

The movement of ships at Indian ports is almost halted because of the lockdown and quarantine measures taken by the government to control coronavirus pandemic. There are scary views of ships waiting at the mid-sea for days at the Mumbai, Gujarat and the west coasts because of the manpower shortage and logistics problems at the ports.

Source:- Business Today 

Record Basmati Exports from India as Ramadan and Pandemic Surges Demand

Basmati rice export from India is set to repeat record shipments in FY 20 as exporters cater to spike in global demand for the food grain owing to Covid-19 pandemic and the festival of Ramadan.

Gross exports from the largest rice exporting country is expected to amount to 4.4 million tonnes in FY 20, at par with FY 19, even as consignments were stranded at ports and foreign destination since last week of March due to the nationwide lockdown to combat Covid-19.

Source:- Economic Times 

COVID-19 Outbreak: Rs 1,000 Crore of Gujarat’s Cotton Yarn Exporters Stuck

The Gujarat’s cotton  yarn are finding it difficult to receive their money from buyers as they are not able to send documents related to Bill of Lading (BoL) to foreign banks as well as to importers in different countries as courier services are closed since the announcement of nationwide lockdown.

Source:- Financial Express

14th April 2020

Covid-19: China Exports Continue to Fall; Worst is Yet to Come

China’s foreign trade fell again in March, even as businesses returned to work after a lockdown in the aftermatch of the COVID-19 outbreak, with the pandemic weighing on the outlook of the manufacturing powerhouse.

China’s exports fell 6.6 per cent in March from a year earlier and imports dropped 0.9 per cent, according to Customs.  The contraction was less than a Bloomberg economist forecast that had predicted a decline of 10 per cent or more in both figures, and well below the 17.2 per cent plunge seen in exports in the first two months of the year. But analysts warned that a broader recovery would be hamstrung for as long as the viral pandemic ravaged China’s trading partners.

Source:- Business Standard

How COVID-19 is Impacting the Global Chemicals Industry

The COVID-19 crisis is having a major impact on the chemicals industry. Demand for chemicals is experiencing severe shocks across end-markets, global supply chains are disrupted, stock prices of chemical companies have taken unprecedented hits, and the competitive order of chemicals producers has changed virtually overnight.

Source:- Consultancy.eu

Logistics Costs Set to Rise as Freighters Hike Tariffs

Truckers and transporters are increasing prices by as much as 80%. and freighter operators are adding surcharges for transportation of goods as they grapple with regulatory challenges, shortage of manpower and a huge slump in supply.This will increase logistics costs for companies and likely in products as well.

Source:- Economic Times 

Shortage of Workers, Choked Ports Disrupt Supply Chains

The closure of factories has also left cargo grounded (or in ships in anchorage) . India’s 7,516.6 km long coastline caters to more than 90% of India’s trading by volume.

At ports across India, cargo terminals are operating at capacities less than 30%.Port operators, importers, and shipping companies raised some of these issues, including the unavailability of trucks (and drivers), the shortage of workers in ports and cargo terminals, and choked ports .

Source:- Hindustan Times 

13th April 2020

Ports Face the Economic Impacts of COVID-19

Following the COVID-19 outbreak situation, the cruise industry has been the most impacted by the disease, as two thirds of the respondents indicate that passenger vessel calls are down more than 50% and in some cases even down more than 90%. 

With cruise lines’ decision to cease operations, only seven ships or approximately 2.5% of the global cruise fleet remains at sea on their way to port. Namely, cruise vessels are berthing for lay-up (no passengers, only crew), with some ports limiting the number of crew remaining on board.

Source:- Safety4sea

Broken Supply Chains: COVID-19 Lockdown is Having a Devastating Effect on Livelihoods in Rural India

The effect of the lockdown has hit the agricultural sector hard. A lack of transport, market shutdowns, labour shortages, strict action by police on transport and the stringent imposition of lockdown by local authorities have put enormous strain on India’s food supply.

Farmers across the country are now dumping their perishable produce; fruits, vegetables and milk are being disposed of into compost pits and irrigation canals. Even if farmers managed to take their produce to the markets, there are fewer wholesale buyers. Large quantities of food are now stuck at the production level of the supply chain in villages. As a result, supply chains have completely broken. Farmers are isolated from wholesale and retail buyers in the cities leading to huge financial losses.

Source:- CGIAR

12th April 2020

COVID-19 Should Inspire Businesses to Prepare their Supply Chains for the Future

The COVID-19 pandemic has caused delays and other frustrations in businesses’ global supply chains, highlighting how vulnerable many are to unexpected disruption. Companies caught flat-footed should learn their lesson from this crisis and begin making fundamental changes now to prepare their supply chains for future shocks.

The current supply chain disruption is impacting consumer demand, labor, materials, and delivery—forcing businesses that rely on global sourcing to make tough choices. 

Source:- Fortune

Retail Imports Drop Due to COVID-19

With coronavirus causing longer Lunar New Year shutdowns of factories in China, according to the Global Port Tracker report the imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month. 

Many Chinese factories have already stayed closed longer than usual, and we don’t know how soon they will reopen. U.S. retailers were already beginning to shift some sourcing to other countries because of the trade war, but if shutdowns continue, we could see an impact on supply chains.

Source:- Material Handling & Logistics 

How Are UK Ports Faring During The Covid-19 Outbreak?

The Key Workers across the UK include those in the ports, shipping and logistics industries who are literally ensuring the nation is fed and supplied, and helping us overcome Covid-19. However to continue to do this, UK ports do need some assistance from policy makers.

Source:-  Shipping Tribune

11th April 2020

With COVID-19 Cases on the Rise, Pakistan Bans Export of Anti-Malaria Drug

akistan has banned the export of anti-malaria drugs after several countries, including the US, started using the medicines to treat coronavirus patients, according to a media report.

The ban, which has been imposed with immediate effect, will remain till the National Coordination Committee (NCC) on COVID-19 deems necessary, according to a notification released by the Commerce Ministry on Friday amidst a spike in the number of coronavirus cases in the country.

Source:- News18

10th April 2020

COVID-19′ Impact on India’s Auto Sector

China accounts for 27 % of India’s automotive part imports and major global auto part makers,owing to the closure of the factories of the companies, there has reportedly been a delay in the production and delivery of vehicles like Bharat Stage Four (BS-IV) compliant models.

Post coronavirus related lockdown in China, demand resurfaced swiftly indicating signs of a V-shaped recovery. OEMs expect domestic PV sales to recover by the festive season of CY20

Source:- Economic Times

Ports Still to Face “Full Impact” of COVID-19

A new Port Economic Impact Barometer has reported steady overall port cargo volumes for the week beginning 30 March, but warns that the “full impact” of coronavirus (COVID-19) on container volumes is yet to come.

Source:- Port Strategy

9th April 2020

Turkey: Effects Of COVID-19 Outbreak On Maritime Law

The impact of COVID-19 has also caused serious problems and changes in the international trade and transportation fields that are the major components of the global economy. Many sectors were and are still affected by the current circumstances and the activities, operations of some sectors have come to a standstill.

Many severe obstacles and changes have been observed due to Covid-19 in the field of international trade and transportation. In maritime transportation it is of utmost importance to keep the operations stable and as planned.

Source:- Hellenic Shipping News Worldwide 

 

Container Volume at Major Chinese Ports Dropped 

The container volume of China’s eight major ports declined 4.4%. Recent weeks have seen major lines starting to blank large numbers of sailings between Asia and Europe/US as the COVID-19 pandemic impacts demand in Western countries.

Source:- Seatrade Maritime News 

8th April 2020

Port of Long Beach: COVID-19 Slows March Trade

The Port of Long Beach continued to feel the economic effects of COVID-19 in March with more cancelled sailings and a decline in cargo containers shipped through the nation’s second-busiest seaport.

Overseas health concerns over the coronavirus caused 19 cancelled sailings to the Port of Long Beach during the opening quarter of 2020, which contributed to a 6.9% decline in cargo shipments compared to the first three months of 2019.

Source:- Port Technology

Good Supply Chain Crucial for Recovery from COVID-19 Impact

According to the report by Baker McKenzie and Oxford Economics, the sectors hit hardest by the COVID-19 pandemic are likely to see the strongest recovery as pent-up demand is released and production ramps up, but this is provided the supply chain is fixed.

These sectors include motor vehicles and parts, electronics, textiles, headline manufacturing, and aerospace and other transport equipment.

Source:- The Star

Covid-19 Pandemic: Knock-On Effects for Pharma Supply Chains

Analysis by GlobalData surrounding the Covid-19 pandemic found that the manufacture of 57 drugs is at risk of being affected because of “general manufacturing and export restrictions across China”.

These drugs range from calcium supplements to cancer and HIV drugs. It affects some of the world’s largest pharma companies, such as Pfizer, Johnson and Johnson and Novartis, as well as smaller, more specialist developers, such as Vertex and Jazz.

Source:- Pharmaceutical Technology

7th April 2020

COVID-19: Economic, Microelectronics Industry Impacts

In Asia, the semiconductor supply chain is working to overcome intractable challenges caused by COVID-19 including sourcing raw materials for chip manufacturing and maintaining assembly and test operations, Mark Patel, senior partner & Semiconductor Practice lead, McKinsey & Company, said at the webinar. Those problems cascade to foundries and IDMs even as they confront the compounding issue of a shortage of fab operators and engineers. Downstream, the inability to package, test and qualify product risks exacerbating the supply constraints.

Source:- Printed Electronics Now

March US Imports Slammed by Effects of COVID-19

US imports from Asia in March fell to the lowest level in seven years as retailers and manufacturers pulled back on orders of non-essential merchandise and inputs amid plunging consumer demand and factory closures caused by the (COVID-19).

According to Global Port the total US imports in the first half of 2020 will decline 15.1 percent from the same period last year. Year-over-year (y/y) monthly declines will likely continue into the second half of 2020, it projected.

Source:- JOC.com

Container Industry Fallout from COVID-19 to Linger into 2021

As participants in the international supply chain grapple with the impact of the COVID-19 crisis on short-term container logistics, it is becoming increasingly clear that the broader impact is growing rapidly and will be felt for the year ahead, if not beyond.

Source:- JOC.com

6th April 2020

International Trade by Sea Needs to be Guaranteed Despite Covid-19 

According to International Maritime Organization Secretary-General at the time of COVID-19 pandemic ,the shipping industry must prioritized new restrictions and come into force and address the issues which are effecting/hamper the delivery of food and medical supplies.

Source:- Hellenic Shipping News Worldwide 

UAE to Ease Restrictions on Crew Changes

The United Arab Emirates (UAE) has decided to gradually lift the restrictions on crew changes enabling seafarers stuck in UAE to return to their homes.

The move is being announced in the wake of growing concerns for seafarers and their mental health as their transfer has been banned as part of measures aimed at curbing the spread of the COVID-19.

Source:- World Maritime News 

4th April 2020

Trucking and Shipping Industry Works to Maintain Driver Safety During COVID-19

The trucking and transportation industry is one of many being affected by the COVID-19 global pandemic. What’s worse, there’s a trickle-down effect on several other markets, including horticulture.

Source:- Green House Grower

COVID-19: Government Restricts Export of Diagnostic Kits

The government on restricted the exports of diagnostic kits amid the outbreak of the Covid-19 outbreak.
According to Directorate General of Foreign Trade“The export of diagnostic kits (diagnostic or laboratory reagents on a backing, preparation diagnostic or laboratory reagents)… is restricted with immediate effect.”

Source:-The Economic Times

3rd April 2020

COVID-19: The Global Food Supply Chain is Holding Up

The unfolding COVID-19 pandemic is so far having little impact on the global food supply chain, but that could change for the worse – and soon – if anxiety-driven panic by major food importers takes hold, the World Food Programme (WFP) warned on Friday. 

Source:- UN News 

COVID-19: Five Priorities for Retail Supply Chain

AS the COVID-19 pandemic continues to spread, retailers have stepped up their efforts when it comes to providing consumers with essential goods and to protect the health and well-being of communities.
In order to achieve this retail supply chains are facing challenges that require extraordinary measures to ensure that essential goods continue to be delivered to stores and consumer doorsteps

Source:- Supply Chain Digital

Shipping, Port and Shiprepair to Remain Open as Singapore Closes Most Workplaces

Singapore’s shipyards and marine industries look set to suspend work for a month as the government closes all workplaces except those in essential services and key economic sectors to close in the fight against COVID-19
According to the gobusinesCOVID government website essential services in transportation and storage include: “Shipping, shipping-related services, safety and navigation services, port and terminal operations, port marine services”.

Source:- Seatrade Maritime Time 

2nd April 2020

Accenture: Building Supply Chain Resilience Amidst COVID-19

As the panic of COVID-19 continues to spread around the world, multiple regions and organisations have gone into lockdown halt production and impacting economies. As a result the disruption to supply chains is already clear to see. 

In order to maintain successful distribution of critical goods and services quickly, safely and securely to those at risk of infection and those on the frontline, business leaders are required to make rapid and immediate decisions to sustain business operations as well as protect workers.

Source:- Supply Chain Digital 

1st April 2020

COVID-19 and The Pharmaceutical Supply Chain

The pharmaceutical supply chains during COVID-19 are the restrictions and impact of  this pandemic on two of the largest global producers of active pharmaceutical ingredients (APIs) and generics: China and India.
According to reports, the restrictions were imposed because India’s manufacturers rely heavily on imports of their APIs from China. As a result of the lockdowns, slowed production of APIs by the latter resulted in less availability and higher costs.

Source:- European Pharmaceutical Review

COVID-19 Exposes Indian Industry’s Supply Chain Vulnerabilities

In India, specific industries is dependent on Chinese imports. These industries are under significant risks such as pharmaceuticals, automobiles, chemicals, and textiles.
Due to the outbreak of COVID-19 and restriction on the trade, domestic firms must develop their local sourcing units and adopt alternative strategies for reducing dependency on China, to survive in the market.

Source:- Business Line

31st March 2020

Opinion | Farmers May Not be Infected but are Certainly Affected

The impact of COVID-19 on agriculture is already being felt. The Food and Agriculture Organization (FAO) food price index, which records monthly changes in the international prices of commonly-traded food commodities, averaged 180.5 points in February, 1% lower than in January. 

Source:- The Mint 

COVID-19 and India’s Logistics, Infrastructural Nightmare

Insiders say e-commerce companies are battling to procure passes for their logistics and delivery staff in various states. Since the logistics is time consuming and often clumsy while dealing with huge demand, there is urgent need for the government to look at alternate mechanisms like digital checks.

Source:- Money Control 

30th March 2020

Supply Chain Innovation is Key to Tackling Pandemics like COVID-19

The biggest risk faced worldwide is the potential breakdown of their healthcare system, resources and supply chain. COVID-19 impacted countries have witnessed a dramatic demand for medical supplies, test kits, respirators, masks, tubes, robes, thermometers, hazmat suits and health workers precisely at a time when the traditional global supply chains are shutting down.

Source:- Money Control 

Covid-19 and Dependence on China’s PV Supply Chain

According to Asian Development Bank the developing countries in Asia and the Pacific should consider developing their own solar industry supply chains as the Covid-19 pandemic has exposed their over-reliance on China to carry through the energy transition.

Source:- PV Magazine 

Big Pharma’s In-House Manufacturing Impacted by COVID-19 in China

The affect of COVID-19 has has put global pharmaceutical supply to the test especially as several large biopharma companies use Chinese facilities for vital manufacturing steps in their products.

As per Global Data, the supply chain problems include the largely quarantined Chinese workforce, delays in transporting materials and other logistical hurdles caused by strict population movement regulations. The outlet stated that, while some Chinese factories have returned to normal capacity, others are operating at between 50 and 80 percent capacity.

Source:- European Pharmaceutical Review

29th March 2020

V.O.C. Port Adheres to All Safety Measures to Prevent Spreading of COVID-19

VOC Port is taking all precautionary measures by stringently following the instructions given by Ministry of Shipping and Directorate General of Shipping, Mumbai and Government of Tamil Nadu and also the Standard Operating Procedures issued by the Port Health Organization, Thoothukudi under the aegis of Ministry of Health and Family Welfare.

Source:- Hellenic Shipping News Worldwide 

Govt asks Shipping Lines not to Impose Container detention Charges on EXIM Shipment

In order to maintain proper supply lines at seaports and facilitate unhindered cargo movement,the government has instructed all the shipping companies not to collect any detention charges on export-import (EXIM) cargo in the wake of the situation arising due to COVID-19 outbreak. Moreover, the shipping companies have been asked not to levy any container detainment charges on import and export shipments till April 14.

Source:- The Economic Time 

28th March 2020

Covid-19 Lock-down Chokes Farm-To-Fork Supply, Could Hit India Hard

A lock-down to contain the COVID-19 has upended agriculture, the lifeblood of India’s rural economy, breaking down the farm-to-fork supply chain by cutting off farmers from buyers of their produce.

Thousands of trucks carrying essential commodities are stranded on national highways even though they are officially allowed to ply. Despite the omnibus federal orders that permit them, many transporters haven’t received last-mile permits from local authorities.

Source:- Hindustan Times 

Logistics Industry Sees 70% Dip in Capacity

The coronavirus pandemic has severely impacted the logistics sector, both in India and globally, as marketplayers say that global capacity has gone down 70% and freight rates have shot up by 6-8 per cent.

Source:- Telangana Today 

Container Shipping Well-Positioned to Withstand COVID-19 Downturn

As per the  IHS Markit’s head of Global Research and Analytics, Maritime and Trade, carriers have shown discipline during this downturn by quickly reducing sailings in the face of falling demand. That’s due, in large part, to increased flexibility resulting from the evolution of the newest-generation carrier alliances that date back several years.

Source:- Turkish Maritime

27th March 2020

Secondary Metal Producers Crumble Under Lockdown

Secondary metal producers are facing a double-whammy due to the spread of Covid -19 in  India and overseas.Since secondary metal producers had booked their raw material (metallic scrap) from overseas suppliers based on the prevailing price about three months ago, the subsequent decline in metal prices has made import of raw materials costlier.
Scrap imported at lower prices stuck at ports, finished goods lying at factories with no transport available; shipping firms make hay by charging huge sums for storage at ports.

Source:- Business Standard

COVID-19  Is a Wake-Up Call for Supply Chain Management

Small minority of companies have invested in mapping their supply networks before the pandemic emerged better prepared. They have better visibility into the structure of their supply chains. Instead of scrambling at the last minute, they have a lot of information at their fingertips within minutes of a potential disruption. They know exactly which suppliers, sites, parts, and products are at risk, which allows them to put themselves first in line to secure constrained inventory and capacity at alternate sites.

Source:- Harvard Business Review 

South African Port Closures Add to Commodity Market Turmoil

South Africa’s main export terminals will close to mineral exports, when a nationwide 21-day lockdown to try to contain the coronavirus begins, disrupting copper and cobalt supplies from the Democratic Republic of Congo and Zambia.Miners in the African copperbelt, which accounts for more than a tenth of global production, typically transport copper overland to South Africa’s ports, where it is exported mainly to China, the world’s biggest consumer of the metal.

Source:- Turkish Maritime

26th March 2020

Indian Industry seeks 10-point boost plan from govt for the exporters affected by the coronavirus

The threat from COVID-19 has pushed the Indian Industry to seek help from the govt by drafting a 10 point boost plan for the exporters affected. The Confederation of Indian Industry has drafted plans from a one-time extension of the customs duty payments and filing of bill if entry to extending the 5% interest subvention scheme to all exporters.

Source:- The Economic Times 

COVID-19 Undermines China’s Run As The World’s Factory, But Beijing Has A Plan

China transitioned from a low wage, low regulation economy to an upper-middle-income country changing certain fundamentals. There’s now higher wage demands, manual labourers and strict laws. As if all this wasn’t enough, Trump’s trade war and the recent COVID-19 pandemic has left an everlasting scar in China’s manufacturing sector.

Source:- Forbes

The Impact of COVID-19 on Key African Sectors

Africa is already grappling with widespread geopolitical and economic instability and with South Africa reporting its first case of the COVID-19, there has been a negative impact in the demand for Africa’s raw materials and commodities seeing a decline in China. Adding to the problems, Africa’s access to manufactured goods and industrial components from the region has been hampered.

Source:-  Global Compliance News

25th March 2020

India Ban the Export of Anti-Malarial Drug Hydroxychloroquine Amid
COVID-19 Outbreak

Amid the coronavirus outbreak, the government on Wednesday banned the export of anti-malarial
drug hydroxychloroquine, to ensure sufficient availability of the medicine in the domestic market.

Source:- The Economic Times 

Global Port Restrictions

GEODIS workforce is transitioning to a remote working environment in different European
countries, CCL (Cargo Container Lines) Original Bill of Lading, import and export shipments
may not be handled as promptly as expected in most of our European branches. Due to the
changes implemented by governments over the last few days, there are further port restrictions
around the globe. Read more to find out.

Source:- GEODIS

Mainfreight : Air & Ocean Service Announcement | COVID-19 Update

The New Zealand government has approved essential international air & sea freight, transport
and warehousing services open. Even in the most impacted communities,the government have
been able to operate effectively. As per the news article, the rest of the world is moving towards
similar restrictions as those about to take effect in New Zealand, albeit at different speeds.

Source:- MarketSceerner

Coronavirus Wreaks Growing Damage on Italian Shipping, Supply Chains

Italy’s maritime sector is worse affected by the growing COVID-19 pandemic as traffic at the country’s ports slows, and lockdown efforts undercut trade connections with the rest of the
world. Shipowners have asked Italy’s Minister of Infrastructure and Transport, for direct state funding over three years along with an 18-month moratorium on all financial obligations
and a year-long exemption on social security payments for vessels under the Italian flag

Source:- The Wall Street Journal

24th March 2020

Italian Ports Are Fully Operational Despite Covid-19: Italian Ports
Association

BIMCO has received a letter from the Italian Ports Association on its message to BIMCO has mentioned,
that Italian Ports are fully operational and will ensure the safety of cargo and crew members. Read more
to find out about measures adopted by the government.

Source:- Hellenic Shipping News Worldwide

India Imposes a 14-day quarantine on shipping vessels from China

Fourteen days quarantine imposed by India on shipping vessels arriving from any port in China.There
are certain parts of DGS’s guidelines for the ports in the country to deal with vessels /people on-board
in light of the coronavirus pandemic.

Source:- Business Standard 

Corona-Hit Maritime and Logistics Sectors Seek Rescue Package
as Trade Slows

As per the industry executives, the devastation brought on by the COVID-19 pandemic has had a
disastrous effect on almost all container terminals, bulk cargo terminals, container freight stations
(CFS) and inland container depots (IDCs) across India.

Source:- The Hindu Business Line 

23rd March 2020

Impact of Coronavirus on Indian Ports

As per the Ministry of Shipping, they have issued necessary directions from time to time to all ports
to put in place a screening, detection and quarantine system for disembarking.

Source:- Press Information Bureau Government of India

Western Supply Chains Buckle as COVID-19 Lockdowns Spread

Because of the COVID-19 outbreak, the Western governments are forced to impose lockdowns,
threatening the supplies of necessary products like medicines. The freight carriers are the worst
affected by this as they struggle to deliver goods by land, sea, or air. Problems ranging from finding
enough truck drivers to restrictions on seafarers and a lack of air freight are hitting the smooth flow
of goods

Source:- Reuters