According to the “Logistics Sector 2020” report published by UTIKAD, when the public investments made in Turkey in the last 5 years are examined, the Transportation and Communication sector takes the largest share in the total investment plan in 2020.
The global logistics industry is one of the sectors where the negative effects of the coronavirus pandemic, which left its mark on 2020, were felt. The stopping and slowing down of production activities in China created unprecedented pressure on the China-focused global supply-demand balance. While the imported input needs and the demands of the target markets can be predicted and planned thanks to the global supply chain of the world economies that previously operated relatively smoothly in terms of raw material supply, the uncertainty brought by the coronavirus pandemic has caused the supply chain to be affected by manufacturers, distributors, buyers, logistics service providers, warehousers, etc. It has faced a process that is difficult to predict and plan due to delayed shipments, increasing logistics costs and delays in financial reconciliations.
Ready-made clothing, electronic goods, personal care, cosmetics, etc. In addition to other sectors, with the coronavirus pandemic, the food industry also started to gain a place in the e-commerce market. The number of voyages reduced by shipowners due to the contraction in China’s exports was an important factor that caused the container demands of exporters in other parts of the world not to be met. Spot freight pricing for a 40-foot container rose to an average of $5,340.30 on January 21. This pricing corresponds to a 198% increase compared to a year ago.
