CORONA Impact: E-grocers & Dataservices reach new heights but labor shortage and social distancing already cost productivity
ReportLinker lowered by 10-15% the estimated market size of the global logistics and transport industry for 2021 after considering the impact of the COVID-19 pandemic, namely the scarcity of labour and coronavirus testing kits. Unlike the 2008 global economic crisis which lowered demand, the COVID-19 pandemic has dealt a supply shock to international markets. Asia Pacific will command the largest chunk of the market. FMCG will be the most transported commodity.
Transport in general and last mile logistics in particular face workforce shortage, while capacity issues plague the global air cargo and maritime transport segments. More globalized than before, manufacturing is unable to source raw materials and dispatch finished goods. E-grocers and online retailers have witnessed an order surge while those transporting non-essentials are losing out. Walmart stock prices show an upward trend since March 2020. DHL stock tanked from January before picking up slightly since March 2020. Geographical proximity to end user and shortening of supply chains can influence decisions related to real estate and M&As.