Businesses within the whole supply chain are seriously affected leading to more delays, unprecedented challenges, canceled orders, and resulting in heavy losses to the companies. Other challenges in transportation during this time could be clearly identified such as Covid-19 transport-related restriction and policies, shortage of fuel, increase in transportation cost, border holdups, etc.
Considering the Covid-19 situation including the burden of logistics costs and less product quantity, many foreign clients have decided to delay the order until the situation becomes better. This has put many Vietnamese domestic companies under the pressure of goods stagnation and hardly find any way out in the short term. Apparently, many factories in Vietnam have been forced to shut down as the pandemic became more severe.
The market industry after Covid-19 is unpredictable and consumer behavior is continuously changing under the impact of the pandemic. Enterprises and factories would have to come up with faster, more reliable, and affordable solutions of how to remain in production while ensuring workers’ health and preventing any infections from coronavirus. Thus, analyzing the new consumer behavior and adapting more technologies to optimize production would be key issues for enterprises to focus on.
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