Webinar: Adjusting to the ‘new’ new normal’: The impact of COVID-19

Only weeks later, the world is in lockdown and COVID-19 has been declared a global pandemic. Major cities around the world and in some cases whole countries have shut down, retail activity stopped, and work offices closed as Governments across the world try and limit the progress of the deadly virus.

 Join TOC Digital Worldwide’s first ever webinar and learn about the impact of COVID-19 and how ports and terminals are adjusting to the new ‘New normal’ 

STREAMING LIVE: 26 May - 11:00 AM BST

Uncertain times – Certain measures.  Sign up for your free webinar place here

The statistics currently paint a very grim outlook and it is highly likely supply chains will be caught up in the crossfire for the foreseeable future. There is no doubt that 2020 will see a sharp decline in economic output and although it is too early to compare the current situation to what was seen after the 2008 financial crash, the industry needs to brace itself for a similar or maybe even worse environment to operate in over the coming months.

What might a post COVID-19 maritime sector might look like?

For the first time since 2009 there will be fall in container trade and the idea of a worldwide recession has shifted from ‘if’ to ‘when’ and more importantly ‘how deep’ it will be.  Major economic nations such as the USA and in Europe are likely to fall into recession and with economic growth being constantly revised down (currently at 0.7%), it should be noted that we are still not over this pandemic and it is hard to paint the a complete picture of what the true consequences will be.

Related:Infographic: Building the sustainable port of the future

At the moment, freight rates have remained stable. Shipping Lines have undertaken one of biggest blank sailings programme in history to ensure that there is some steadiness but how long that this is viable is a question that the liner industry will have to ask itself very soon.

COVID-19 will continue to present a wide array of human and economic challenges, some of which will not be known yet and some of which will be long-term that the world will need to adapt to. Governments will continue pursue extensive monetary saving programmes in the hope to alleviate any potential economic disasters; COVID-19 has created one of the most challenging environments for the world to work in and although the concept of globalisation is not over, it will certainly be radically altered over the coming years.

But as the world starts to reopen, what will be the answer to the question on everyone's lips: What is the roadmap to recovery in 2020-21 and beyond?

TOC Worldwide Digital will on 26^th May 2020 at 11am BST be hosting its first ever webinar with two of the world’s leading shipping analysts who will paint a comprehensive picture of the current disruption to supply chains and perhaps most importantly, start to outline the roadmap to recovery as the industry looks to recover in a post COVID-19 environment hampered by uncertainty.