How is COVID-19 affecting the shipping industry?
The last month has seen a significant shutdown of businesses, events, and travel due to the continuing spread of the corona virus or COVID-19.
Many industries have been affected, with uncertainty growing and a major question on all of our minds.
What will the aftermath of COVID-19 be?
In this article, we take a look at how COVID-19 is affecting the shipping industry, what the outlook and expectations are currently, and what companies, like Southwest Mobile Storage, are doing to help prevent the spread.
How COVID-19 is Affecting the Shipping Industry
The shipping industry has responded by implementing measures to prevent the spread of the virus. Like many businesses, this has caused some disruptions.
Around 80% of world goods are carried overseas, with China being one of the largest and busiest container ports. As the country is heavily affected by the outbreak, this has caused a decrease in the number of ships arriving or leaving those ports.
While that seems to be a major roadblock for the shipping industry, there’s some evidence that this will not be the case.
According to a recent webinar hosted by the Seatrade Maritime News and in partnership with Maritime Strategies International, the projections actually show an eventual rebound. This is based on the quick implementations of the industry in response to the virus.
Highlights from the Trans-Pacific Maritime (TPM) conference that was conducted online, featured several experts that stated the industry is adjusting to a ‘new normal’, which includes the greatest supply side consolidation in history.
Technology adoption is also helping to accelerate shipping processes and payments.
What is the Outlook and Expectations?
As noted above, the outlook for the shipping industry is good, though disruptions have and will occur in order to stop the spread of COVID-19.
China’s ports have been either closed or redirected due to the high infection rate of the virus. While there have been temporary substitutions that have provided relief, it has shown the shipping industry the dangers of just outsourcing to one country or one manufacturer.
This ultimately means that the industry must embrace new avenues of shipping in order to reduce any stagnation. The TPM highlighted that while there would be a dip or a see-saw effect, the current outlook was still positive.
What Companies Are Doing
Many companies are taking the approach to protect both their customers and employees. At Southwest Mobile Storage, we’ve increased our cleaning procedures to ensure that our containers are safe for our clients, our employees, and our staff.
Within our fabrication department, we’ve upgraded our cleaning processes to include using our heated, high pressure power washer to clean our rental units before anyone is allowed to touch it.
We also perform a thorough exterior and interior cleaning, both before any repairs or repainting if necessary.
Here’s a quick video on how we’re also disinfecting and wiping down our mobile offices.
In this article, we took a closer look at how COVID-19 is affecting the shipping industry and what any major impacts there could be.
While it’s still too early to make any definite predictions, the landscape is still navigating through this time, but is also transitioning with alternative avenues of delivery and payment.
Lastly, we looked at some of the cleaning processes we here at Southwest Mobile Storage are doing to keep both our customers and employees safe.
If you have any questions about our cleaning procedures or if you’d like more information about our sanitized shipping containers, gives us at 800.686.9114.