Impact will continue even if scenario changes: ACAAI

Talking about how bad the situation for Indian logistics industry is, Sunil Arora, President, ACAAI, says, “China is a place where production happens on an hourly-basis, for example, if iPhone productions goes down by one hour that affects their capacity and volume on annual basis. Factories have been off for approx. one month now and it’s going to continue for may be next five to six months, and this is a concern. Hopefully, the coronavirus epidemic ends soon, even then the impact on production and thereafter supply chain will take almost five to six months to come back to normalcy. Moreover, if everything opens, we will see an upsurge which will again have an impact on imports and exports. Freight forwarding is one industry that is attached to all industries scenario. Hence, if we see the consequential impact across the industry, sectors dependent on imports or exports from China will bear the worst impact.”