Economy Facing Risk of Collapse
What does the future hold for the global supply chain?
How severe is the impact of COVID-19 in our industry?
Cloud TOS Proving the Power of Working from Home
ECONOMY FACING RISK OF
The COVID-19 outbreak has gained enormous momentum over the past couple of months, and the global supply chain is becoming victim of the pandemic. The world is changing drastically during this unprecedented time, forcing shipping lines, truck companies, and terminals into a scramble searching for preemptive strategies to fight the uncertain future.
Crippled by governments around the world, enforcing preventative measures to contain the outbreak has affected all sectors of the logistics and container handling industry. Areas most impacted by the crisis are:
Shipping liners face all sorts of disasters, ranging from stalled imports and delayed planned exports. Navigating through this time of crisis has presented many challenges for the shipping sector.
The pandemic threatens instability on the entire global economy, driving consumer confidence to new low all over the world. Battling an incoming recession induces spiking fears of unemployment and spending activity is suffering a radical decline as a result.
Truck companies are struggling to sustain their business amidst the decline in cargo flow. The pandemic has struck a blow to the trucking industry that is witnessing a plunge in goods transportation.
Ports and Terminals
Ports and terminals are the hearts of the economy. Therefore, a small hiccup such as a delay can escalate into catalytic consequences, creating chain-like effects which inflict other critical sectors. Terminals and service providers are working diligently to sustain supply chains despite tighter restrictions enforced on logistics, exhausting every viable alternative possible.
COVID-19 PROVING THE POWER OF
COVID-19 has taught nations across the globe valuable lessons. Countries at the frontline have tested their strategies while others trailing behind have learned from their leads and refined their approach to obstruct the same mistakes from occurring. The one priority that remains unanimous in every country’s decision is protecting the health and well-being of individuals. With many isolated at home, port and terminal operations are at a standstill. As a result, Cloud TOS solutions are true testaments reminding the economy it can still operate despite the events of COVID-19 shackling industries.
Given the infectious nature of the virus, Cloud TOS’ offering flexibility to work from anywhere is no longer a novel idea. Terminal operators could consider it as a viable alternative to contain the spread but also sustain the supply chain. The speed and scale of the outbreak could expedite the use of Cloud TOS in the future and lead an increase in automation equipment adoption. Practice preventative measures with the Cloud TOS since it offers:
NO UP-FRONT INVESTMENTS
It’s a crucial time to start instilling safe practices for healthy wellbeing and sustainable economy. When a catastrophe of this magnitude brings immediate attention and forces restructuring, it’s not entirely impossible or too late to leverage control before it entirely implodes.
It is a dark time for nations worldwide, and while the impending recession may be occupying the forefronts of our mind, we most importantly, at RBS, want to wish you all are well and healthy. The build-up of events over the past months has addressed the significance of maintaining good health and well-being. As we all continue to steer through these unprecedented challenges, we want you to know that RBS is here for you.
With recent disruptions regarding COVID-19, Australia has entered the second stage of lock down. If the situation worsens, the Australian government may institute tighter restrictions which may also force us to close our office. However, please rest assured our loyal customers, as we will still offer essential services on-demand via RBS 24×7 hotline and support for showstopper events.
Please take care and if you have any concerns, do not hesitate to send your message through.