Hope Continues to Bloom

With springtime comes flowers and Easter, typically one of the largest floral holidays on the calendar – which means, this is one of the busiest times of year for the Prime Group of companies.

 

Traditionally, Easter Sunday and spring weddings make this one of the highest demand periods for growers, florists, flower importers, and shippers, and of course logistics companies such as Miami-based Prime Logistics, Prime Fresh Handling, and PrimeAir.

 

Last year, coronavirus shut down churches and restaurants – two major consumers of flowers for Easter services and brunches. Shelter-in-place orders meant fewer families could host Easter dinners at home. Spring weddings also were postponed, all severely impacting growers across the world.

 

But this year, hope is in the air – in the form of the new life-saving vaccines developed to help control the spread of virus that has plagued us for so long. Company names like Pfizer, Johnson & Johnson, and Moderna now play large in the world of pharmaceutical logistics. These names have also become part of our everyday conversation, signaling an awakening from the darkest period of the pandemic and providing overwhelming sense of relief, re-emergence, and renewal.

 

Aren’t these the very themes of Spring itself? The season associated symbolically with dramatic changes such as rebirth, resurrection, and waking from sleep.

 

Turning the Corner

What a difference a year makes – in stark contrast with April 2020, when the pandemic was in full swing, international trade had altogether halted, and the entire global economy was collapsing before our eyes. Like most business in the world economy, needless to say, the cut-flower industry was very severely impacted.

 

Thankfully though, we’ve turned the corner, as traditional importers who sell to wholesalers who sell to retailers, supermarkets, big box retailers, online distributors, as well as to traders at the world’s largest trading site in Amsterdam – are all now enjoying the resurrection of the industry.

 

Of course, this also includes a resurgence of businesses at the root of the flower industry: the farms, in-country forwarders, and shippers serving the verdant regions of Colombia and Ecuador. Great news for those local economies.

 

Rosier Outlook

Today, global sales related to the spring-time floral business are now booming because of the weddings and other events that had been rescheduled after long delays. This upward trend is expected to continue, reaching the same economic levels as compared to late 2019.

 

Even rosier is the outlook for the worldwide market for flowers and ornamental plants over the next five years. It is expected to grow roughly 6.3 percent, reaching $57.4 billion USD in 2024, up from $42.4 billion USD in 2019.

 

While the global floral market is faring better than initially anticipated, the economy will no doubt continue to be impacted by the consequences of the pandemic. Nonetheless, consumers are thankful they are getting back to being able to brightening the day of their loved ones with flowers this spring.

 

“Let Hope Bloom”

In the midst of the crisis last year, the Dutch Flower Council created a social media campaign called, “Let Hope Bloom.” This uplifting message reminded consumers of the importance of flowers in their lives and in fact did lift spirits – and sales!

 

But for me, it also reflected the resilience of an industry that has endured unexpected turns in the economy, the environment, and a multitude of other unpredictable forces over the years.

 

I am confident hope will continue to bloom this year, and that the floral industry will be stronger than it ever has been as the world continues to emerge from this crisis, and well into the future.

 

Happy Spring – and please stay safe.

A Season to Be Grateful During a Year Like No Other

This holiday season is unlike any other, coming at the end of a year like no other. I am inspired to reflect on how fortunate we are to have made it this far, and I am thankful for those who helped us get here.

The COVID-19 pandemic created such unimaginable and unprecedented pressures on worldwide commerce, especially upon those of us that are part of the global supply chain.

Naturally, we were very concerned that the perishables industry, historically Prime Group’s core business, was so hard hit when the pandemic started. Yet when we were called upon in the earliest days of the crisis to support the massive demand for PPE and other medical supplies, it was due to our vast experience in handing time-sensitive products that we were able to respond so quickly—and with great success.

I am so grateful that we had the flexibility and know-how to be able to step up to deliver these life-sustaining materials to people all across the world in their greatest time of need. I am also extremely thankful to the Prime Group employees who made it possible for us to do so—and so proud of every single one of them.

Mission Focused

Not to say we didn’t also focus on ways by which we could support our long-time commitments in South America, because it was crucial that we did that too. Once the worldwide lockdowns and border restrictions were lifted, and the fields in Ecuador and Colombia began producing fresh flowers, fruit, and produce again, reality set in. The word’s cargo capacity at that point was being deployed to distribute essential medical goods only. So our mission here was to find solutions to get our customers’ fresh products out of country and to market.

Suffice to say, our people burned the candle at both ends to address this bottleneck situation. We not only introduced innovative solutions, such as a Sea-Air service to move product, but we also worked closely with our major air carrier partners to bring passenger freighters into the market. I am so grateful for their willingness and ability to step up—so too are the people of Ecuador and Colombia that desperately needed to keep local commerce alive.

Next Steps

Prime Group is made up of professionals who know how to act fast on their feet. Through their creative thinking, innate agility, and commitment to our customers, we were not only able to survive those darkest days, but to reposition the company to go forward.

The next phase of the global fight against the spread of COVID-19 is massive distribution of vaccines, medicines, and related supplies. This will continue well into 2021 and beyond. I am so grateful we made it through the storm and will be able to keep doing our part for the health of the world.

Miles to Go

Though we are moving into a new and better year ahead, my concern for the safety of our customers, our employees, our company—and the world—is still top of mind. After all, we have many hurdles and responsibilities to fulfill before the last chapter of this pandemic closes. Or to paraphrase the immortal words of Robert Frost, we have miles to go before we sleep.

This holiday season, all of us here at Prime Group wish you moments of peace amid the difficulties, connections with family and friends even if they can’t be in person, and the warmth of memories from holidays past.

Stay safe and healthy!

Growing Presence of E-Commerce Making Holidays Even Happier This Year

The explosive growth of e-commerce accelerated by the ongoing coronavirus pandemic is offering a more than a twinkle of hope for those of us in global supply chain management— especially as we go into the holiday season.

As consumers have grown accustomed to a digital-first shopping mindset, they plan to do more online shopping this holiday season than ever before, and that’s great news for the logistics industry.

To meet this challenge, producers of consumer goods worldwide and their requisite distribution providers are keeping pace, learning to adapt, and growing stronger. This silver lining to the pandemic is also being seen in the global shipment and handling of perishable foods and fresh flowers, Prime Group’s core business.

As we march into the holiday season, new data from PriceSpider on consumer purchasing behavior shows a 113% increase in year-over-year e-commerce sales through the first three quarters of 2020.

Factoring in the recent spikes in COVID-19 infections in tandem with flu season this winter, there will likely be even more stay-at-home orders as consumers continue to avoid brick-and-mortar retail entirely. So, happy holidays, New Year, and beyond…

Frenzy for Food

With grocery e-commerce now ranked among the fastest-growing product categories online, Prime Group companies are committed to providing the highest levels of service for our fresh food customers and forwarders around the world. And it’s not just retail grocery; online sales are also skyrocketing in the food and beverage segment, as they too have successfully adopted alternative methods to meet emerging customer preferences.

In response to the boom, one step we’ve taken is to increase cold storage capacity all across our global network of warehouses and handling facilities. The demand for coolers and freezers was already high prior to the COVID-19 pandemic. But now we are even better positioned to maintain the cold supply chain for our customers shipping temperature-sensitive fruit, vegetables, cheese, and fish.

We are also continually beefing up our technology and introducing new and more efficient systems by which we track and monitor our customers’ precious cargo to ensure fresh, safe, and on-time delivery worldwide.

Forget Me Not

‘Tis also the season for fresh flowers. Despite the major challenges imposed on this industry since the beginning of the pandemic, fresh-cut flower distribution, buttressed by e-commerce sales, is also taking off again. And just in time. With nearly 30 percent of adults in the U.S. purchasing flowers or plants to give to others on Christmas and Hanukkah, many will also click and buy blooms for themselves.

As you’ll recall, early in the pandemic, retailers struggled to keep floral shelves stocked, due to shortages in production and a lack of transport capacity. Since May, however, the industry has gradually gotten back on track. In fact, according to the Produce Marketing Association (PMA), after two months of near identical gains, floral sales gains actually exceeded fresh produce growth by about one percentage point in September.

Here again, the increased prevalence of e-commerce is feeding growth in this key market segment. Although the idea of simply clicking on a button to order fresh flowers is nothing new for this industry, now that consumers are wary of mingling with other shoppers, they appreciate the sterility offered by the flower e-commerce industry.

Life as We Knew It

The pandemic has reshaped life as we know it, and in the process, has accelerated consumer reliance on alternative means of accessing food and merchandise. So buckle up, this e-commerce boom is not going away any time soon.

For 20 years, our customers have depended on Prime Group to smooth out the bumps in the road by identifying ways to swiftly adapt and respond to sudden and sustained changes that affect the cold supply chain.

Just know we’re here with you for the entire ride.

Prime Group Has Its Marching Orders in the Battle Against COVID-19

Every answer begins with a question. But these days, there seem to be so many questions, especially within the global logistics industry. Chief among them—are we ready with cold chain solutions to respond to the onslaught of COVID-19 vaccines once they’re ready for worldwide delivery?

At the Prime Group, the answer is yes. We are prepared.

As a company specializing in solid answers and smart solutions for its customers, we understand answers don’t always come easy, particularly in the midst of such a long-lasting “critical event” as a global pandemic.

Significant variability has always been the Achilles’ heel of the global supply chain. Natural disasters, equipment failure, civil unrest, terrorism, blight – at least we knew what the basic categories were. But a pandemic with the power to shut down the entire global economy? That one wasn’t even on the radar screen!

And now, we are facing an all new phase of this novel “variable”—the release of billions of doses of highly-sensitive vaccines and the challenges that will present for a worldwide infrastructure to support rapid distribution and deployment all across the planet.

No small task.

By focusing on what we do well and applying new strategies in operating our businesses, I am confident that we can and will succeed in providing the right answers and solutions for our customers—and the world.   

It’s been said wars are won by superior logistics more than battles. It would appear we’ve got our marching orders.

Transport

The most important element of logistics is transport—and this is where Prime Group clearly excels. Without transport, goods are unable to move from one stage to another within a supply chain. We are supremely experienced in transporting complex time- and temperature-sensitive products all over the world. And we stand ready.

Our long-time relationships with some of the world’s largest and most reliable air cargo carriers and our proven expertise in managing ad-hoc cargo charter operations positions us well to do our part in expediting vaccines and other pharmaceutical products when and where it is needed most.

There is going to be an unprecedented demand for cargo space, far greater than there was for PPE at the advent of the pandemic. As the Prime Group was able to pivot and perform then, we are confident we can do it again for this next round.

Storage & Material Handling

The prevailing pre-pandemic logic, the old normal if you will, was that consumers tend not to demand goods at the same rate as a manufacturer supplies them. In supplying the entire world with a vaccine, that idea is about to be turned on its head.

This is where the role of cold storage, material handling, and warehousing comes in as well as the ability to better track and monitor the shipments. It is also an area of recent focus by the Prime Group—the rollout of enhanced state-of-the-art inventory tracking and product monitoring technologies.

To maintain the integrity and effectiveness of the cold supply chain, we are adding capacity among our network of temperature-controlled warehouses at key international transit points. We are also coordinating the necessary manpower and services needed on the ground at anticipated staging locations where the vaccines will be delivered to government agencies and world health organizations.

Packaging

Next is the role of packaging. With regard to the care and condition of the vaccine products, resilient packaging will be essential. But more than that, when released for emergency use, we expect this new class of COVID vaccines will come with strict temperature requirements, perhaps ranging between -70 and -80 degrees Celsius, and consistent temperature management.

With expansive knowledge and experience in the transport of temperature-sensitive pharmaceuticals, the Prime Group is trained and ready to employ stringent government-approved procedures and staff at its strategically-positioned network of refrigerated warehouses to ensure product stability throughout the last-mile network.

Information & Control

In meeting the demand for reliable distribution of vaccines and crucial medical supplies, timeliness and accuracy of information is critical. Global supply chain visibility and event notification are key to Prime Group’s ability to meet customer demand and service reliability. Visibility starts with the ability to answer very basic questions: Where is it? When will it arrive? Is the expected date different from the planned date?

These days, we know we cannot simply look at past data to create models on which we can base long-term predictions. Instead, we must rely on short-term predictions. By partnering with leaders in the field of global IT software development, Prime Group has been redefining and digitizing its operations for enhanced efficiency, adaptability, readiness, and performance.

At such a strategically crucial moment, when there is so much at stake, we need fast access to mission-critical insights to meet the needs of our customers. Prime Group is also exploring AI-powered augmented analytics to help us explore and analyze data that will trigger various operational procedures essential to the on-time and safe delivery of refrigerated cargo from origin to destination.

The COVID-19 pandemic has brought about tremendous change in the way that the Prime Group delivers necessary cargo quickly and efficiently around the world. As a result, we are in a better position than ever.

And as we see signs that researchers and pharmaceutical companies are on the verge of having a viable vaccine, we know that their success in winning the battle against this disease depends on an our ability to deliver.

Wherever You Are, Prime Group Is Here for You

As the international turmoil of the pandemic continues, Prime Group remains steadfast in its support of our customers as they respond to the global need for essential commodities and healthcare supplies and equipment.

Nowhere near the end of this storm, and still not knowing what the “New Normal” will bring, for the present we will continue to do what we normally do – provide expert logistics support and services for our customers when they need it, where they need it, and get the job done right.

Our long history of service in the perishables business has prepared us well for this inflection point. We’re nimble, ready, and reliable. After all, when dealing with time- and temperature-sensitive commodities, it is all about precision and preparedness – because at any moment anything can go off track. And it usually does, which is why we’ve learned to always be ready with a plan B, C, and D.

World Service

Deemed an “Essential Business” early on, Prime Group companies were immediately front and center serving government agencies, world health organizations, and other customers integral to the global distribution of personal protection equipment (PPE) and crucial medical material. We’re proud of the part we played then and stand ready to continue to serve in this capacity as COVID-19 persists.

Successful missions to date have included managing numerous charters with PPE from Asia to the U.S. and Latin America. In addition, we continue moving multiple containers of needed material by ocean from Asia to the U.S., where we then transfer it to Latin America by air – always with an eye on cost and efficiency.

We also did 18 charters between Quito and Amsterdam with Emirates SkyCargo using B777-300s PFs (passenger freighters) to support the local growers and the flower industry in general.

And with so many people these days in self-isolation – and in need of better-for-you-snacks to help get them through – we successfully managed a doubling of sales of our Prime Planet Tostones, crafted and exported from Ecuador to retail markets all across the U.S.

New Directions

During this heightened period of activity, we also implemented a new marketing strategy that is effectively getting the word out regarding the wide range of new and existing services available through the Prime Group.

This major effort will allow us to build upon our existing strengths, while also moving us in new directions.

As we consider the ongoing impact of COVID-19, we are monitoring market forces that are shaping the future development of multiple industries and regions across the world. With our global network of offices and expert representation, we are continually finding new opportunities to answer the call for service – and to deliver.

Prime Group is eager to play a crucial role in supporting the major industries that today are facing the biggest logistics challenges – with FMCG (fast moving consumer goods) and healthcare products leading the way. However, we are closely eyeing automotive, energy and utilities, industrial machinery and equipment, and other industries that are expecting new growth in the post-pandemic economy.

Although it may take another 18 months for things to “normalize,” whatever form that may take, the Prime Group will remain vigilant to changing customer needs and to delivering on our commitment to excellence in all we do.

The challenges before us are many. The opportunities are wide open. Wherever you are, we are here for you.

The New Normal Cost of Trade Show Connections

In my 20-plus years in global logistics, I’ve come to learn that success in business is all about human connection. In fact, the Prime Group of Companies has pinned its entire approach to business on this core principal.

 

Consistent, timely, and direct interpersonal communication – it’s how we understand customer needs, and expertly match our services to satisfy those needs.

Every day, across our entire system, we use a broad spectrum of communications options to network and make connections that will attract new business, ensure the best in customer satisfaction, and maintain long-lasting relationships with clients.

But in recent months, one of the most impactful of those efforts has ceased to exist.

The Fallout

The COVID-19 pandemic has imposed sudden changes on our industry, to say the least. Most notably, in the form of an immediate interruption of the global trade-show circuit, a necessary step to ensure public safety and to help stop the spread of the virus.

But the fallout has been the loss of dozens of crucial once-yearly meetings we would be now be conducting with so many of our key customers, prospects, and peers – all under one roof.

Events like the Produce Marketing Association Fresh Summit and Bogota’s Proflora that attract top players in the fresh-food and floral industries. And huge exhibitions like Air Cargo Europe with 65,000 logistics professionals in Munich last year, where we made great strides in moving into untapped markets across Europe and beyond.

With attendance numbers like that, it’s no wonder mass gatherings are totally off the table for the remainder of 2020. Can’t argue with that!

The Show Must Go On

While no one can see into the future with certainty, when these major business conventions and exhibitions make a come back – and they most certainly will – they’ll need to be changed, forever.

Face it, we are social animals, and no advancements in video or telecommunications technology can ever match the effectiveness of direct human connection, and the business it generates.

Of course, there will have to be an entire revamping of the trade-show industry’s delivery of mass meetings. It is imperative that they make these gatherings safe and responsible from a public-health standpoint, so when the time is right, we will be able to immediately and confidently step back into the most impactful means of  human connection.

Necessary Enhancements

Beyond the introduction of lots of sanitizer dispensers on convention floors, major changes at trade-show venues will need to include wellness checkpoints, increased ventilation filtering capacity, greatly expanded presentation spaces and controlled traffic-flow lanes to ensure social distancing – and perhaps even extending the length of shows by an extra day or two, and/or limiting daily attendance.

Such measures will no doubt be pricey. Significantly higher participation fees will need to be imposed to offset the high cost of supplying enhanced safety and security measures. And at first, there will likely be fewer participants than we’re used to. But this will be the new normal price of doing business in the post-coronavirus period.

Communication is what brings people together in our business and paves the way for future success. That will never change – just the means by which we achieve it.

I look forward to connecting with you soon. Until then, please stay well.

HQ Move Signifies New Place on Global Stage

When the Prime Group moved to its new headquarters complex in 2019, we said goodbye to our former place in the landscape of shipping companies just west of MIA – to land a much more promising position on the map.

In making the move, we made a significant investment in what we want to convey about the vision, business strategy, values, customer service, and the environment where the Prime Group of companies operate.

Granted, our new home office and expanded warehouse component in Doral, Fla., is still within proximity to Miami International Airport – which is of key importance to the historic core of our operation as a worldwide air cargo logistics firm.

But as the Prime Group becomes more widely recognized as a sophisticated global player with diverse services and products, we needed a corporate base of operations that signals we are right-placed for continued growth and expansion of our worldwide brand.

Simply stated, we want our headquarters to represent what the company is going to achieve.

A Big Move

Choosing a new location is an extremely important decision for any business. The workspace needs to capture the essence of your brand personality and identity – the emotional connections that customers have with your business and how its competitors perceive you.

In the global logistics business, with customers scattered across the world, the reality is, the vast majority of our clients may never step foot in our Doral offices.

But for those who do, we want to present them with a space that not only represents us well, but affirms they made the right decision in working with the Prime Group. How they are greeted, what technology they see us using, and where we are located, are all strong indicators of what our business stands for and how successful it is.

Internally, the new office environment communicates to our employees the way we want our business to operate. By choosing this workplace, we have created comfortable and collaborative environment where productivity is key.


None of which is to suggest this shift was easy – it wasn’t. At times, the lengthy process of moving and settling in threatened to disrupt daily operations. Nonetheless, staff remained patient and focused on the task at hand – like the professionals they are. For that I am grateful and thank each and every one of them.

We took the time to do it the right way – after all, that’s what we. So please come by for a visit soon, to see what we mean when we say, “the difference is in the details.”

Take heart, take care, and stay well

In an effort to be as transparent as possible during these most difficult of times, I’d like to share my thoughts on recent events, and the aftermath that is proving to be heartbreaking for so many, and filling us all with conflict.

It goes without saying that what we witnessed in Minneapolis on video has affected us all deeply.

Firstly, it’s incumbent upon me to say that the Prime Group family counts as a core value the condemnation of injustice and discrimination, and we are united in fighting inequality.

We acknowledge and are in solidarity with the peaceful protesters in the United States, and around the world. And we support local and national organizations that are standing up to social injustice.

In the face of senseless loss, it often seems impossible to find the words to express such deep pain, frustration, and sorrow – but these words I know I must share with you now: Please take heart, take care of each other, and stay well. We will overcome – together.

The Inside Story on Staying Inside

“How are you doing?”

Remember when we used this line as a simple pleasantry to get a conversation started – never really expecting a response. Well, we still say it these days, but we genuinely mean it!

It’s a small but telling example of how so many things have changed in the age of the coronavirus.

One of the biggest changes is not so much how we are conducting business, but where. Right now I am writing these words at my dining room table. Earlier, I “clocked in” at my home office down the hall. And perhaps later on, I’ll pick up and move over to the kitchen island to check my email.

Working from home is not a new concept, but working from home everyday is. And although we were forced to do so to remain safe – and operational – I am not so disappointed to be realizing the everyday benefits of being here.

Number one is commute time. I used to spend hours a week traversing the highways of Miami back and forth, home to work, and out to lunch and back. Now I am at “the office” each morning in 10 seconds flat. And lunch is, well, right over there on the kitchen counter – a few seconds away by foot!

Notice I didn’t say, a few seconds away barefoot. Because while some folks might be doing that, I do wear socks, and a business shirt and slacks so I’m always ready for the next Zoom call. Which brings me to my dry cleaning bill, or rather I should say the lack thereof – and my non-existent gas and mileage expenses, as well …

At-home working brings a whole host of noteworthy cost benefits, some bigger than others, of course. Seriously though, with all this newfound time and built-in efficiencies achieved while working remotely, I’ve been able to check off a lot of the administrative items I’ve wanted to get to over years.

With none of the tedious office distractions to get in the way, I am also taking a serious look at some smart new back-office initiatives that could allow the overall Prime Group team to deliver more value to our customers over the long-term.

I am also busy brushing the dust off several to-do lists outlining possible new marketing initiatives and business growth. In the past, for instance, we only dabbled with the idea of promoting our air-cargo charter abilities. Now, rather than being solely focused on the day-to-day, I am leading the charge at accelerating expansion into this market. And it’s already paying off in the form of an all-new series of high-visibility messaging via social media and other targeted-marketing platforms.

Then there’s our sudden increased reliance on Teams, Zoom, Skype, and the like. Few examples of how COVID-19 has forced us to change the fundamental ways we work is the widespread use of video conferencing. Since instituting a company-wide ban on business travel in early March, meetings via video has become the ultimate solution to connect with our remote workers and customers. Sure it takes away many of the benefits of direct contact with sales prospects and customers – but we’ll live with that!

Have I got more time to think these things through and envision new ideas? Absolutely. Am I am appreciative of the opportunity to sharpen my focus on the health and future success of our business. Yes.

But at the same time, please know that I am also deeply concerned with the health and well being of our customers, employees, their families and friends during this time of turmoil.

So when anyone with the Prime Group asks “How are you doing,” we’re not just happy to hear your voice, we truly want to know.

We’re here, we care, and we wish you good health.

The Secret to Handling Uncertainty is to Focus on Progress

As a businessman, a father, and a member of the world community, I’m very concerned, as most of us are. I’ve been closely monitoring news of the progression of coronavirus around the globe – and its impact on the markets and the logistics industry, in particular.

Yet all I can be sure of these days is that there are very few things we can be sure of.

In fact, as I share these words, news just popped up that the global death toll has now passed 3,000, with South Korea and China leading the way in confirmed infections.

Apparently they are calling this thing a “novel” coronavirus, because it’s an all-new strain that has not been previously identified in humans. They know for sure it causes a highly infectious respiratory disease called COVID-19. But beyond that, they are unsure how and when it will be brought under control. Meanwhile, we wash our hands, cover our coughs, and limit exposure to crowded areas.

And we stay tuned. That’s what I have been doing, gathering all the information I can from trusted sources of information, such as the U.S. Centers for Disease Control and Prevention (CDC) and the World Health Organization. I encourage you to so the same.

Impact on Logistics
With regard to the health of the logistics industry, we should likewise keep a close eye on what is happening as the world’s second largest economy, in China, continues to spook global markets and dent growth in all sectors of the worldwide economy.

To say the potential impact of coronavirus on the logistics industry is a fluid situation is an understatement, because, as we all know, we are more interconnected today than ever. Asian markets are closely tied to European markets and to North America and South America.

For those who remember SARS in 2003, this situation is far more complex because back then, the economy worldwide was much more siloed. Today it is all interdependent.

Thus far, however, the impact of this epidemic on Prime Group operations has been minimal – but it’s not clear how much worse this outbreak will yet become and how long it will last. Some experts are now saying perhaps through the summer.

Global Impact
I just read a late February study by the American Chamber of Commerce stating that three-quarters of international businesses around the world expect the COVID-19 outbreak to impact 2020 revenue.

The study further states that the outbreak has affected operations “to a great extent” for 43 percent of logistics companies they surveyed in the Asia-Pacific region, with 57 percent of logistics companies saying operations were “somewhat” impacted. In terms of revenues, the report also indicated that the 86 percent of logistics companies are expecting revenue to be down between 1 and 10 percent.

What’s even more disconcerting is that the fear of what could happen is driving the markets. Yes, few things these days are for sure. But there is certainly always hope.

Let’s Focus on Progress
I think it was author and life coach Tony Robbins who once said, “The secret to handling uncertainty is to focus on progress.”

So as I get back to work this morning, I do know one thing: We are in this together. We will get past this together. If we all stay focused on progress, soon it will be business-as-usual again, I’m sure.