To say that the world changed overnight is not a wrong assessment. In fact, for most people, that’s exactly how it felt at the onset of the COVID-19 pandemic. However, one thing that many people fail to account for, is that the pandemic’s effects are bound to remain long after it ends.
The business sector has taken a massive hit and the inevitability of a recession needs to be recognized so we can prepare for it. With this in mind the need to secure other forms of income is not only necessary during the pandemic, it’s also important for the aftermath. There are many types of businesses that you can venture into, but freighting, as strange as it may sound, is especially important during this time. Here’s why:
The Public Health Crisis and the Supply Chain
Not only did the COVID-19 pandemic force people to confine themselves within their homes, but it has also wreaked havoc to many supply chains. People who understand logistics know that a sudden cease of operations has an immediate effect on the supply chain, but when a supply chain is restarted, the supplies do not immediately reach their destination, causing shortages in many outlets.
An Urgent Need
Despite establishments having to close and cease business, the needs of consumers remain, which is why the sudden stoppage of transport is potentially devastating. This results in a high demand, low supply scenario where certain items may have their prices increased dramatically. As with any business, the key to success is to identify a consumer problem and to provide an effective solution to that problem.
The Rise In the Popularity of eCommerce
The internet has proven to be more than just a method to communicate and to share information with each other. If anything, the pandemic has proven that the internet can become a lifeline for many in the face of disaster.
How Does a Freighting Business Fit Into All This?
Seeing as businesses can begin operating again, albeit in a limited capacity, the need to reestablish a working supply chain is important. Considering that many people order items online, there is a need to transport these goods to their destination.
This is a matter of providing solutions to help other businesses with their logistics needs. As such, there are measures such as the ELD Mandate in Canada, technologies such as LiDAR and GPS tracking, that business owners need to consider putting on their trucks to ensure that they are made to be as safe as they possibly can.
Because we are creatures of habit, the frequency that we use internet services to buy products and services online is bound to remain long after the pandemic ends. This isn’t just a crisis-only business, and we need to be able to keep the money flowing during a recession, which means keeping the supply chain going.