Logistics and supply chains were particularly affected by the pandemic last year; a lot of the freight air capacity was lost. We've seen airlines ripping out seats on passenger flights to load cargo, especially out of China, for the PPE products. Businesses like Home Depot did particularly well since people started making home improvements, but inventory levels dropped to their lowest since 1997. The market right now is going through a process of replenishing, and it goes across all verticals, whether it is retail, automotive, aerospace, and so forth.
In this episode, we chat with Tom Pampillonia, Director of Sales of the Eastern Region at Toll Global Forwarding. Tom has over 30 years of experience in the logistics business. He worked as the East Coast Director of Jet Speed Logistics USA Llc, and he was the Director of the Eastern Region at NNR Global Logistics, where he worked for 21 years.
We talked about the current supply chain and logistics market situation, how deep the pandemic affected it, and its impact on small and large importers and exporters. Tom kindly explained where the difficulties of getting containers come from, the change in its pricing, and its effects on the market. He also shared how he got into logistics and predicted when we can expect the market to go back to normal.
Tune in to Episode 4 of Shut Up and Go Trade and get a deeper look at how the supply chain and logistics market changed the last year and what we can expect shortly.
In This Episode, You Will Learn:
- What are the reasons why it is so hard to get products shipped in a short time nowadays (2:38)
- How the pandemic affected supply chain and logistics (4:03)
- Why it is so hard to get containers, and why they became more expensive (7:18)
- Why we are paying 4 or 5 times more for a service that is 4 or 5 times worse (12:20)
- What Tom thinks is going to happen in the forthcoming months (22:46)
Resources:
- Toll Group North America website
Connect with Tom:
Let's Connect:
- Website
- LinkedIn
- Facebook Group – Shut Up (Talk It Up) & Go Trade
- Twitter
- Instagram
- Youtube Channel
Support this show http://supporter.acast.com/shut-up-go-trade.
Become a member at https://plus.acast.com/s/shut-up-go-trade.