Yantian Container Port (YICT) surveyed major manufacturers, importers and world 50 third-party logistics providers, to get their thoughts on the business outlook for 2020, with over half expecting growth in the third quarter.Key summary:
– Over 60% of respondents confirmed business drop by 10-30% in Q1
– 55% of the interviewees predict business would resume growth in Q3
– In 2020 Q1, respondents indicated significantly increased sales for e-commerce businesses, medical equipment, home appliance, and warehouse storage
– Top signs of business resumption: China’s country lockdown completed, the COVID-19 situation got improved, sea freight bookings and sailing recovered
Yantian terminal is located in the city of Shenzhen in South China, next to the Hong Kong border. It is a natural deep-water terminal with 16 berths and a 373-hectare yard.
The port is a magnet for international exporters, with a reputation for efficiency. Half of the YICT exports are to North America, and one third to Europe.
As one of the world-top class deep-water port, YICT serves more than 36 world’s leading shipping lines. It is part of Shenzhen ports and ranked no.4 globally in 2019 for volume handled.
Are you planning for business resumption in Q3? Ensure a well-planned delivery schedule to stay connected with your customers.