Media’s role in Logistics evolution

Media’s role in Logistics evolution

These are volatile times; with the war on one side and China’s supply chain disruption on the other, the Logistics industry is going through a difficult time. How are these disruptions affecting the European freight industry?

Supply chain disruption has become the new normal in our post-Pandemic business world. Russia’s invasion of Ukraine compounded the logistics challenges that companies were already facing. A recent report by Accenture claimed that, depending on the length and severity of the war, the cost of supply chain disruption in the Eurozone across 2022 – 2023 could amount to EUR242 billion (2% of GDP) in an ongoing war scenario, or EUR920 billion (7.7% of GDP) in a protracted war scenario. On top of Logistics breakdowns, energy prices, soaring inflation, as well as raw material and talent shortages continue to cause problems for the Logistics industry.