Is the global logistics due for long term changes?

Team Veye | 21-Nov-2021 global logistics

When the World Health Organization declared COVID-19 a pandemic, more and more countries across the globe shut down their borders and limited transportation and travel to contain the pandemic outbreak, thus, creating limitations for international trade and transportation.

The pandemic also exposed most firms to severe supply chain disruptions due to undiscovered supply chain vulnerabilities. 

Logistics firms, which were involved in the movement, storage, and flow of goods, were directly affected by the COVID-19 pandemic. These companies had been the main facilitators to trade and commerce and helped businesses get their products to customers both within the country and internationally.

The disruptions in the supply chain had far reaching effects including economic growth. The ripple effects of imbalances for end-users were more than evident.

The need to keep the world moving has accelerated innovations within the logistics industry. Covid-19 has accentuated the criticality of the supply chains.

Now, as the world focuses on life post-Covid, the global logistics landscape going forward will undergo many changes. Some trends like automation, analytics, and real-time visibility accelerating due to Covid have been put on global supply chains.

Innovation has always been the key secular driver for growth in international logistics. Automation technologies such as artificial intelligence and robotic process automation can be used to enhance strategic planning and forecasting, improving the overall efficiency of the supply chain.

The introduction of AI and digitalization along supply chains will not only readily inform those in the logistics industry and their customers at both ends of the system exactly where are the weakest links in the chain and how to reroute traffic, but also help prevent recurrences.


Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website, and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.

veye logo

Grab Your Free Report On 5 ASX Dividend Stocks To Buy In 2024