COVID-19: Cost of outbreak supersedes SARS by 20% at USD 2.8 Billion

The global supply chain faces difficult decisions ahead as it endures continued stagnation of manufacturing and logistics. Multiple risks at hand include:
1. Lockdowns are causing labour and raw material shortages in factories
2. Regulatory uncertainty is slowing the restart of factory operations
3. Public health requirements impact industrial operations
4. Suppliers invoking force majeure clauses on the rise
5. Provincial border checks exacerbate trucking shortage
6. Closed boarders delay movement from and to Vietnam and Hong Kong
7. Labour shortage causes congestion at airports and seaports
8. Blank sailings reduce ocean freight capacity out of China
9. Limited air and rail cargo capacity to increase prices
10.Ripple effects are felt across supply chains
To assist supply chain managers initiate risk mitigation, please do not hesitate to contact the Uniserve Coronavirus Helpline team on 01375 851 346 or by emailing us at info@ugroup.co.uk
PLEASE FOLLOW US
FOLLOW US
Unrivalled Ocean Freight
Award Winning Airfreight
Premium European Services
Unrivalled Ocean Freight
Award Winning Airfreight
Unrivalled Ocean Freight
Keep in Touch
UK Government cuts tariffs on everyday items and summer essentials
In a collaborative effort with industry leaders, the UK government has announced a temporary suspension of import tariffs on 89 everyday products. There are significant cuts in prices for everyday items and summer essentials, including pasta, fruit juices, spices,...
Uniserve’s Market Update for April Now Available
Uniserve's monthly market snapshot providing international freight, trade and supply chain insights and forecasts for the weeks ahead. Uniserve has just released the April market update, providing key insights and forecasts for global supply chains for the weeks...
Tariff trade war escalates after China adds 84% to US goods.
On Wednesday 2nd April, President Donald Trump announced a sweeping 10% tariff on all imported goods, effective 5th April. As of today (9th April), a second wave of "reciprocal" tariffs has also come into force, targeting selected countries with rates ranging from 11%...