Navigating the road ahead for freight transportation industry in India

COVID-19 effect on business and supply chains

The effect of coronavirus on global businesses has been devastating. The economic impact of the pandemic is expected to be long-term and bring a permanent change in the way we do business. India too witnessed a complete halt on manufacturing for a brief period with supply chain disruptions and large-scale job loss, reverse migration of the workforce as well as many MSMEs shutting shop.

The supply shock that started in China in February 2020 and the consequent demand shock as global economies shut down, exposed vulnerabilities in supply chains across the world. Further, cross-border trade restrictions accentuated shortages of pharmaceuticals, critical medical supplies, food, and other essential products in various geographies during the peak of the pandemic.

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