In 2020 the global automotive logistics market will contract by 20.4% as the Covid-19 pandemic decimates manufacturers’ ability to produce cars and squeezes consumer spending power with the world entering its deepest recession in generations. All sectors of the market – inbound/production logistics, finished vehicles and the aftermarket – will be profoundly affected with contractions in each regional market.
The Covid-19 outbreak in China initially impacted on the supply chain to Europe and North America, with some production slowed or halted. Auto manufacturers closed in Europe and North America due to a combination of safety issues in their own factories and outbreaks of Coronavirus in their supply chain which meant that the supply of parts was disrupted.
