Logistics industry is one among many industries that has been directly affected by the global Covid-19 crisis. This can be seen from the plummeting value of logistics from $7,641.2 billion in 2017 to $5,200 billion in 2020. Now that lockdowns are lifted and countries are reopening borders, the logistics industry is seeing a soaring growth
The recent and ongoing China’s power shortage has been taking a toll on the country’s economic activities, including in the manufacturing and supply chain. Although not immediately, the issue is expected to have effects on its neighboring countries, including Vietnam. How China’s Power Shortage Affects Vietnam Supply Chain Industry China is dealing with
The logistics industry has extremely benefited from the prominent growth of online shopping trends. With most people confined to their homes during the COVID-19 pandemic, the demand for delivery express services has shown a significant growth in many countries, including Indonesia. The main factor that contributes to this soaring logistics industry is the rise of
The severe shortages of semiconductor chips will have a major influence on global vehicle manufacturing in 2021 and the following year, causing the automotive industry to suffer massive losses. According to a Bloomberg report, there is a severe scarcity of display driver chips, which is causing problems for a myriad of industries, including the automotive
Air freight might offer convenience and speed for transportation in logistics, but road freight is continuously gaining prominence in Southeast Asia due its relatively low cost. With improved features and functionality, more companies are relying on road freight as a more convenient and cheaper method. The anticipated digitalization in the trucking industry also gives a
Disruption in the manufacturing process due to the global pandemic of COVID-19 has also taken a toll on the tech industry. Global lockdown has accelerated consumer’s shift to e-commerce, thus leading to rising demand for omnichannel solutions. Responding to this trend, a mature supply network is crucial to overcome the complexity of manufacturing high-tech products.