The Impact Of Corona Virus, So Far
In the Coronavirus epidemic (a global health emergency declared by WHO) China, the logistics hub of the world has been the most affected amongst all its major competitors. The virus started spreading from the city of Wuhan towards the end of 2019 and by the end of January, citywide quarantine and strict transport restrictions had been placed in various parts of China in an attempt to stop the spread of the virus. China has some of the world’s biggest and newest seaports apart from having one of the biggest manufacturing industries in the world. But due to the roadblocks, quarantines, and factory closings, severe disruption is being caused to inbound and outbound air cargo shipments, trucking, and rail cargo services, as well as heavy port congestion for vessels along the Yangtze River. The world’s biggest container line Maersk, has already stated that this global epidemic is likely to cause a hit in their earnings this year as there aren’t enough workers at the ports to mov...