Our proficiency will be measured by our financial management: Vijaykumar, FFFAI

Commenting on the cash constraints being faced by the industry at CargoTalk’s second digital conclave, A.V. Vijayakumar, Chairman, Federation of Freight Forwarders’ Associations in India (FFFAI), says, “Covid-19 would eat away freight forwarders’ finance on various accounts including massive outflow but without having inflow of revenue. We will have to go a long way with this critical and uncertain time. We need to review and revisit our business model with proper financial planning and control. Our proficiency will be measured by our financial management, credit management, utilisation of digital platform and reducing admin cost.”
“Since the lockdown begins, we logisticians have also come in action along with health workers and police. We started the emergency clearances and approx 300-350 gate passes are generated with all these difficulties around. Digitalisation has played a very crucial role in working in such difficult times,” he adds.