The impact of COVID-19 on the transportation and logistics industry

In this present age of globalization, the logistics and transportation industry has become an integral part of most businesses/firms as it is aimed at ensuring the effective movement of people, distribution of goods and services from one location to another on time. Therefore, this paper aims to ana...

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Bibliographic Details
Published inProblems and perspectives in management Vol. 19; no. 4; pp. 458 - 469
Main Authors Perkumiene, Dalia, Osamede, Agbonmere, Andriukaitienė, Regina, Beriozovas, Olegas
Format Journal Article
LanguageEnglish
Published Sumy Business Perspectives Ltd 2021
LLC "CPC "Business Perspectives
Subjects
COVID-19
economic sectors
globalization
Logistics
pandemic
Qualitative research
strategy
transportation
Transportation industry
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Summary:In this present age of globalization, the logistics and transportation industry has become an integral part of most businesses/firms as it is aimed at ensuring the effective movement of people, distribution of goods and services from one location to another on time. Therefore, this paper aims to analyze the impact of COVID-19 on the logistics and transportation sectors. The qualitative research approach was adopted using analysis and synthesis of scientific literature, data from news reports, organizational sites, and a case study of data contents. The paper presented the analysis of negative and positive effects of COVID-19 on the logistics and transportation industry. The study also discusses possible strategies and further steps for improvement of the logistics and transportation sector, including the automation and introduction of other technologies, a sustainable and flexible transportation system, cooperation of logistics and transportation business. Findings regarding the positive implications of COVID-19 show noticeable advancements in the logistics and transportation sector, such as the rise of e-commerce businesses with efficient delivery options, and the development of 3rd party logistics services as more companies outsource supply chain operations. The study revealed the importance of strategic planning with a joint effort from the research centers, public sector, private sector, and educational institutions as one of the proposed solutions for the logistics and transportation industry.
ISSN:1727-7051
1810-5467
DOI:10.21511/ppm.19(4).2021.37