|Thomas Cassuto, Vice President, Head of Asia at Flexport|
With continued investment in infrastructure and technology, Việt Nam can strengthen its position to become a global leader in logistics amid global supply chain disruptions. Việt Nam News speaks to Thomas Cassuto, Vice President, Head of Asia at Flexport, about factors contributing to the sector’s growth. Bồ Xuân Hiệp reports.
How have the recent global supply chain disruptions affected logistics firms in Việt Nam?
The past three years have undoubtedly been disruptive to global supply chains, and Việt Nam has been particularly impacted by these disruptions. The pandemic hit the world hard, sending extreme shocks to both supply and demand from 2020 to 2022.
At the beginning of the pandemic, there was a surge in demand for Vietnamese exports in Europe and North America. This increased demand provided a much-needed boost to the country’s economy.
However, Việt Nam’s factories faced numerous challenges in maintaining productivity due to the health crisis and subsequent lockdown measures implemented in 2021. These difficulties resulted in a significant drop in demand in 2022, reminiscent of pre-2019 levels...
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