UTC Overseas releases statement concerning Coronavirus

Logistics specialist UTC Overseas has released a statement regarding the impact of the Coronavirus on its supply chain:

“The Novel Coronavirus is impacting many areas of China creating a disruption to the supply chain during a time when the country would normally rebound after the Lunar New Year.

“Manufacturing is ramping up but at a slower rate than usual while cargo arriving and departing China is moving but not at the usual pace. Getting supply chains back to normal will be challenging and may not happen until the spring in some areas. Freight capacity, outbound especially, will be an issue when manufacturing resumes. Not knowing when the virus will peak is a variable that will affect the overall recovery.

“We have received notifications of blank sailings that are reducing available container volumes. Many passenger and cargo flights are canceled having a big impact on airfreight with some carriers not planning to resume full service until April. A reduced labor pool is affecting trucking and warehousing capacity. Rate increases are expected once China returns to normalcy.

“At this time, UTC personnel are safe with many working from home. Our offices are following all government precautions.”

Related content

Leave a reply

CanTech International