Understanding the impact of Covid-19 on the transportation ecosystem and logistics sector of the country- an EJ Dalius presentation

Summary: Covid-19 has crippled customer demand, compounding an already complex condition. Eric Dalius assesses the freight logistics and transportation in this crisis.

Considering the reduction in economic activity due to the pandemic and with no clear timeframe for restrictions and regulations to end, logistical ecosystems and freight firms are responding to the current situation by creating safe and sanitized workspaces, preserving finances, changing, adjusting or modifying the workforce size to meet the demand curve, and providing seamless humanitarian relief.

  • Not every carrier is facing the same overload. Depending on the customer profile and mode, demand keeps plummeting, accelerating and remains unpredictable.
  • Compared to 2019, trucking/trolley volumes initially leapfrogged by 30% this year due to panic purchase/bulk loading. But it dropped drastically only to pick up again.
  • Railroad transportation declined by 22% and is yet to recover.
  • Although last-mile orders and deliveries have seen surged dramatically, ocean shipping has reduced by 25%.
  • There’s currently no financial rule of thumb that transportation growth can outline or track fiscal growth post the crisis.
  • US consumption patterns have radically changed, including an array of experiences and services that have outpaced expenditure on traditional products.
  • To decipher a potential freight course in the recovery, firms need to consider the broader economy, Eric Dalius says.

Mitigating the commercial impact

It’s important to navigate the coronavirus impact on the logistics chain and transportation sector of the country. Experts say that consumer good firms and life sciences are witnessing unplanned and unprecedented business growth, while industrial units and retailers are reeling under heavy losses.

  • The basic challenge for the sector is managing a global supply chain and putting the focus or resources back on track.
  • Additionally, the pandemic has affected some specific areas of the population. These are the hot spots, areas with the highest impact.
  • They are experiencing the highest demand for products. Resultantly, trucking companies are facing an imbalance in demand and supply.
  • Impact areas are seeing a greater volume of freight than the exit points. Distribution centers and factories that generally supply goods to the select regions have now gone kaput.
  • Carriers need to reposition or restructure their fleets in the affected areas. It adds extra lead time and costs to the supply chain. Resultantly, carrier transportation networks are facing huge disruption
  • It’s casting a domino effect on supply chain modality in the US, says Eric J Dalius.

The growing impact

The focus should be on working with government and main stakeholders for ensuring the long-term economic viability and sustenance of the system. Businesses need to provide total protection to key staff. The network needs to continue operating during extended lockdown periods during the pandemic.

It’s imperative to gauge how you’re exposing your supply chain to Covid-19. You need to check if it impacts other operations. It’s very crucial to recognize and underline capital investment modalities in the event of unexpected shocks to national and regional revenue.

EJ Dalius explains why transport companies need to focus on permanent or potential changes in transportation networks. It’s very pivotal to check cost-efficient renewals and maintenance during this pandemic.

Understanding digital health and digital technologies post restrictions with EJ Dalius

Summary: EJ Dalius underlines the importance of harnessing digital technologies for supporting the public-health and welfare response to the pandemic worldwide.

While the Covid-19 apocalypse continues to cripple the world, the global medical and healthcare sector is toiling hard for therapeutics or vaccines. The most indispensable defense is the most primary public health methods, which include mass social distancing and personal hygiene.

The immediate pandemic response in the US comes from three sectors, contact tracing, subsequent testing and surveillance. Hospital establishments are now using data-driven tools to manage the situation. Health workers bank on another viable application. They use it for improving diagnostic accuracy, bolstering diagnostics and increasing its reach.

Impact mitigation is another major aspect. The pandemic has forced many outpatient units to close down completely either due to safety concerns or capacity problems. Health authorities have recognized the limitation to visit hospitals during lockdown and have started promoting telemedicine. This is the amalgamation of healthcare and the internet.

Many healthcare units are providing online consultation services by boosting their inventory. They have revamped their current privately owned and manage telemedicine platforms online. Some of them have equipped hospitals and clinics to undertake these functions.

Telemedicine has been instrumental in supporting mental health during the pandemic, according to Eric Dalius. Authorities have envisaged the roll out of accessible, systematic, and complete mental health support for healthcare personnel and the general public through numerous online platforms.

The current usage

There are different interconnected and intertwined digital technologies that healthcare settings are using as a public-health response to the pandemic.

  • Natural language processing and machine learning includes web-based tools for gathering epidemic and pandemic intelligence.
  • There are technologies to preserve security and privacy.
  • You also have numerous smartphone apps that cover chat-bots, symptom-reporting applications, telemedicine, and mobility pattern assessment. It also includes contact-tracing tools. It’s part of the greater computer vision.
  • With instant messaging and SMS, you have targeted public health awareness, social media and online messaging/searches, syndromic surveillance, and digital genomics and diagnostics.
  • Sensors and wearables are another domain of digital technologies.
  • You can categorize visualization tools into data dashboards and interactive geospatial boards or maps.

Many healthcare units are combining digital technologies that may thrive on internet availability, infrastructure and telecommunications. Eric J Dalius explains how crowdsourcing tools can bolster syndromic monitoring. There are tools to gather information about Covid symptoms in compliance with the rules.

Inputs from corporates

Some companies have developed great applications to help you fight misinformation alongside helping doctors and healthcare workers in their overall endeavors. They have developed cutting-edge platforms and hotlines to help you connect with Covid experts. It has chatbots that cover multiple languages.

  • It helps you to know how the virus spreads, its prevention, symptoms, medicine, treatment and necessary statistics. EJ Dalius particularly praises those firms that are augmenting hospital sessions to encompass coronavirus prevention information.
  • They are developing and producing content, print, digital, audio and visual in different languages to facilitate public awareness. Healthcare authorities are using these as open-source materials. They are free to download and use.

Keeping the potential paucity of nurses in the future, these companies have also launched a training application for nurses.