COVID-19 and its impact on transportation and logistics ecosystems is unlike anything we have ever experienced. It could be comparable to having multiple hurricanes hit the U.S. at the same time. It has placed an unprecedented strain on our transportation and logistics resources.
Life sciences and consumer goods companies have seen unplanned business growth, while retailers and industrial firms are coping with business loss. The question facing all of them is: how do you manage a global supply chain through the challenge and what should be the focus to get back on track?
Further, the COVID-19 virus has hit some geographic areas of the U.S. population harder than others. The areas of highest impact or “hot spots” are also seeing the highest demand for goods. A result is a supply/demand imbalance for trucking companies as freight coming into the impact areas is greater than the freight leaving those areas.
So how should companies respond in times such as these to keep their goods moving to markets?
In this paper Yatish Desai, Principal and KPMG National Leader for Logistics and Distribution, offers a three-tiered approach to manage the complexities of the impact of COVID-19 and to create sustained logistics resiliency.