Global logistics is one of the sectors most affected by the coronavirus pandemic and its resulting damage. Less than two weeks ago, an outbreak of this virus in Chinese ports created a massive global domino effect, with many merchant ships stranded and containers stuck, generating significant economic damage and a drop in profitability.
Thus, the coronavirus and its implications are one of the greatest enemies of trade between different countries around the world, as this disease causes nations to decide to close down, contracting the flow of exports and imports.
International businesses and their strategies attempt to establish ties between nations to generate simple and easy marketing of products and services. These are severely affected by this situation, as ports begin to operate below their capacity limits, resulting in lower profitability and less trade between nations.
But how can global logistics be a solution to the coronavirus and its problems?
Strategic trade faces the significant challenge of developing the mechanisms and tools to mitigate the damage caused by the coronavirus to international market dynamics. In this regard, it’s important to note that, thanks to global logistics development, the commercialization and internationalization of coronavirus vaccines are a reality.