Impact of the COVIDI-19 Crisis
When leading economists start talking about a drop in manufacturing comparable to the start of the 2007-2008 global financial crisis, one can be sure that the world’s leading industries are in for a torrid few months.
The trigger for this alarming state of affairs was the December outbreak of the COVID-19 Coronavirus epidemic in the Chinese city of Wuhan, which prompted authorities to lock down major cities, close factories, and severely limit the movement of individuals which impacted the manufacturing and global supply chains, across multiple industry sectors.
Wuhan is a major center of automotive manufacturing and accounts for a significant portion of the manufactured vehicle parts, worth around $35 billion, that China exports annually.
A shortage of parts and accessories has already caused the closure of Nissan, Jaguar Land Rover, JCB , Perkins factories within the UK. European automakers have also been impacted by the closure of an electronics factory in northern Italy, another hotbed of COVID-19 activity.
Where to Start?
B2C has already gone completely digital and it is only a matter of time before we will see “B2B e-Commerce and lean warehouse management” take off as well.
Speed and big data control are the most important capabilities in this environment. These need to be fulfilled in order to stay competitive. With the right technology, you can secure that each warehouse concentrates on demand from a broad geographic area, leading to more stable predictions and lower total inventory.
White Bird Logistics and warehousing has the digital WMS systems in place so that customer can keep track of all your shipments and parcels across partners, locations and processes. The result is that you will be ready to deliver – perhaps even within hours – any product that your customers desires. These changes are necessary to create a sustainable supply chain and to increase your competitiveness.
Richard Evans, head of national logistics and industrial at Cushman & Wakefield said: “Almost all of the supermarkets are searching for short term warehouse space to cope with online demand and we expect short term demand to grow over the coming weeks and months.”
During the time of Crisis, White Bird logistics and warehousing has the capability to suit to your Warehouse services requirements. We are also ensuring that the staff at our office is protected against the Virus.