In its 31st annual State of Logistics Report, the Council of Supply Chain Management Professionals (CSCMP) summed up the supply chain impact of COVID-19 in one statement: "The pandemic, and global measures taken to reduce its further spread, have decimated supply chains, scrambled logistics capabilities, and destroyed huge swaths of demand."
In Morgan Stanley’s recent freight transportation COVID-19 sentiment survey, 78% of respondents stated that COVID has a had a “medium” or “high” impact to their business.
With that said, what's been happening in transportation so far in 2020, and what can we expect going forward?
Here's our take on some transportation market trends we're seeing from our Logistics Control Center.
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