Friday, September 17, 2021

business

Logistics industry decelerates under Covid-19 impact


The logistics industry is expected to contract 10 per cent this year due to the economic downturn caused by the Covid-19 pandemic outbreak, the Thai Transportation and Logistics Association (TTLA) said.

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TTLA chairman Chumpol Saichua added that usually the industry expanded every year in line with economic growth. The sector accounts for 14 per cent, or Bt2 trillion, of the country's gross domestic product of Bt16 trillion.

Around 80 per cent of the country's logistics system is land transport, 10 per cent waterway transport, 2 per cent track based and the rest aviation.

He added that the government should provide soft loans to the sector, as many of the operators are hardly able to access loans.

He said that now express delivery service is seeing a boom because of increasing online shopping. Most of the players in the express delivery service are foreign companies.

Published : September 07, 2020

By : The Nation