G7N Critical Networks

3 things Logistics Company should do to overcome the Virus Crisis

March 12 2020

The coronavirus, or COVID-19, has thrown a new level of uncertainty into the 2020 outlook for the transportation industry. Meanwhile, spot rates are expected to rise as contract rates fall this year, a logistics executive said. Spot rates refer to the rates shippers pay carriers to haul freight within about a day of the shipment. What should Logistics companies do to overcome the Crisis?

1. Don't panic

Panic is beginning to rise in global supply chains. Instead of being panic, it is time for us, Logistics Company to review our business plans, review every process to find the best solution for your company at this time.

Make sure these plans pinpoint contingencies in critical areas and include backup plans for transportation, communications, supply, and cash flow. Involve your suppliers and customers in developing these plans.

2. Strengthen your Partnerships

There is no better approach to solving challenges than the famous saying "two heads are better than one." Whether creating internal partnerships between colleagues or departments, to larger partnerships between businesses, harnessing the strengths and abilities of others from different corners of your ecosystem is one of the most strategic ways for businesses to scale their innovation and solve complex challenges, especially in this tough time. Partnerships and cooperation are more important than ever.

Partnering will be a must for companies to deal with the tough time. People will be more careful in choosing agents or partners, projects will be shared just for their most trustful agents or suppliers who they know well. The more efforts you make to strengthen your partnerships, the more projects you will find.

3. Do not forget your people

The welfare of employees is paramount, and obviously people are a critical resource. A backup plan is needed for people too. The plan may include contingencies for more automation, remote-working arrangements, or other flexible human resourcing in response to personnel constraints.

What else do you think we should prepare for this crisis? Let us know by comment here: https://www.linkedin.com/feed/update/urn:li:activity:6643423639679143936

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Nisarg Thakkar

Hiyana World Logistics Pvt Ltd. (HWLPL)

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Brian C. Wills

Sobel Network Shipping Co., Inc.

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Suresh Daddar

Woodland Global Ltd

As founding member of G7N we wish to point out that we are extremely happy to be part of the group which has been growing constantly in the last few years in spite of the challenges coming from COVID 19 emergency which is causing unprecedented troubles to all of us, in our business and personal lives. G7N management succeeded in passing through this “crazy” time with lucidity in mind and with the right measures to keep members tied and constantly in touch.

Massimo Mazzantini

TEC Cargo Italia S.R.L.

The concept and environment G7N team created for the conference and the Cargo Weekend is awesome, it allows you to build a friendship that is the base of strong business relationships. I hope I can keep being part of this family and meet all my new friends in the conference to come representing JM Logistics.

Paulina Arroyo

JM Logistic Services, S.A. de C.V.

Being a proactive and professionally managed network with its productive members and overnight replies to all inquiries together with providing a sense of confidence with its financial protection system, we as 3K Logistics, Turkey are very much delighted & glad to be a member of this valuable family.

Tugce Pal Sazak

3K Logistics Services

Having recently joined the G7N Logistics Network, I must say the team behind the scenes make every effort possible in ensuring partners are well connected with each other no matter the nature of the consignment. The network does a fantastic job is ensuring that all members despite their geographical locations feel part of one family!

Hussein Iqbal Zavery

Marinair Freight Ltd

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Diyashan Ramduth

Owakhe

The conference and members are awesome and the interactive atmosphere is particularly impressive! Never seen such a difference in networking and opportunities for everyone! You can feel the professionalism, experience and the energy of the network!

Marcel Macke

Cargo Movers GmbH

Yes we really do enjoy our G7N conference. For the last 23 years that I’ve been attending network conferences this one is really special and cool. Members are so friendly you will really feel that we treat each other as family. We feel found a family with G7N.