The first case of confirmed Covid-19 in Hong Kong was on 23 January 2020. The consequential socio-economic impact was progressively felt in February. By late March, Mr. Angel Gurría, OECD Secretary General, had warned that “the economic shock was already bigger than the financial crisis. It was ‘wishful thinking’ to believe that countries would bounce back quickly”.
Fast forward to today, Mr. Gurria’s predictive comment continues to hold true. This report from CILT Hong Kong is a snapshot of the “realities on the ground” in Hong Kong up to end June 2020.
Many logistics practitioners in Hong Kong will now re-position themselves to exploit the opportunities arising from the anticipated changes in supply chains in the post-COVID-19 world.
Read the full report here
This is an example of industry analysis from Hong Kong which we are sharing as part of our global best practice resource to help you think about and determine appropriate responses locally.