Coronavirus and government restrictions intended to reduce its spread have had profound effects on society. Some businesses, particularly service businesses, have shut down while others, such as grocery retailers and medical supply companies, have surged.
If your business is considered essential and you are planning truckload logistics during the height of the restrictions, you may see some changes in how truckload carriers deliver truckload freight. Here are three examples of changes you may experience:
Shipping times will be affected, although it is difficult to predict whether your shipping times will go up or down. Some of the factors that will reduce shipping times for truckload freight include:
On the other hand, a few factors could push up the shipping times for certain types of goods. Some examples include:
Again, it is difficult to predict how coronavirus will affect shipping rates. However, there are factors related to coronavirus and the government restrictions intended to limit its spread that will almost certainly affect the amount you pay for truckload freight. Some examples include:
The effects of coronavirus and governmental restrictions are not limited to the U.S. With countries around the globe coping with the pandemic, international trade has dropped dramatically.
For businesses having a global supply chain, this means it may be more difficult for your international vendors to ship manufacturing inputs to you. Likewise, restrictions at ports and border crossings may make it difficult to ship your products to international markets.
Although the effects of coronavirus on shipping have been profound, essential businesses may find some opportunities. Moreover, this temporary pause in commerce will give non-essential businesses time to plan shipping logistics for after the pandemic has passed.
Whether you're a company looking to improve one facet of your supply chain, your entire supply chain, or simply looking for a transportation and logistics consultation, we can help.