Global trade and Shipping Activity bouncing back, Creating new Challenges Post – COVID
Demand for goods plummeted as nations locked down and individuals began to quarantine. Supply chains collapsed as factories shut down and ports closed due to health and safety concerns. Delays increased as manufacturers and logistics companies added new layers of safety protocols and new procedures to keep their employees and customers safe. The impact from COVID-19 was rapid and terrible, but global trade and major economies seem to be making a faster recovery than anybody expected.