The impact of COVID-19 on the transportation and logistics industry
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DOIhttp://dx.doi.org/10.21511/ppm.19(4).2021.37
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Article InfoVolume 19 2021, Issue #4, pp. 458-469
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In this present age of globalization, the logistics and transportation industry has become an integral part of most businesses/firms as it is aimed at ensuring the effective movement of people, distribution of goods and services from one location to another on time. Therefore, this paper aims to analyze the impact of COVID-19 on the logistics and transportation sectors. The qualitative research approach was adopted using analysis and synthesis of scientific literature, data from news reports, organizational sites, and a case study of data contents. The paper presented the analysis of negative and positive effects of COVID-19 on the logistics and transportation industry. The study also discusses possible strategies and further steps for improvement of the logistics and transportation sector, including the automation and introduction of other technologies, a sustainable and flexible transportation system, cooperation of logistics and transportation business. Findings regarding the positive implications of COVID-19 show noticeable advancements in the logistics and transportation sector, such as the rise of e-commerce businesses with efficient delivery options, and the development of 3rd party logistics services as more companies outsource supply chain operations. The study revealed the importance of strategic planning with a joint effort from the research centers, public sector, private sector, and educational institutions as one of the proposed solutions for the logistics and transportation industry.
- Keywords
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JEL Classification (Paper profile tab)M16, L91, L92
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References34
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Tables3
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Figures5
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- Figure 1. Total COVID-19 cases in some regions of the world
- Figure 2. COVID-19 and China’s freight traffic volumes
- Figure 3. Global transportation and logistics sector performance and expectation for 2021
- Figure 4. Predictive analysis (6 months to 5 years period) of the COVID-19 impact on major aspects of the logistics and transportation sector
- Figure 5. Positive impacts of the COVID-19 on the logistics and transportation sector
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- Table 1. Short-term and long-term effects of COVID-19 on modes of transportation
- Table 2. Short-term strategies for logistics and transportation companies to curb the impact of the COVID-19 pandemic
- Table 3. Mid-term to long-term strategies for logistics and transportation companies to curb the impact of the COVID-19 pandemic
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