While there is still pressure on aircraft capacity, we are not experiencing any changes in air cargo and sea freight out of China.
We still expect increasing challenges in sea freight capacity availability in the coming weeks.
In recent days, the Coronavirus has spread to several cities in northern Italy. The outbreak has sent more than 50,000 Italians in several cities south of Milan into isolation.
Currently, this is not affecting the transportation of goods in or out of the country, but we are watching the situation closely and will continue to provide global updates.
Status in South Korea
The South Korean government raised the alert level in the country to its highest level, with some restrictive measures put into place for public transportation and schools. There has also been a reduction in flights and a ban on large-scale events.
Most companies have been operating with their own contingency plans and business has not been greatly affected, but at this stage, it is likely that further government instructions will be released to contain the quickly evolving situation.
DSV Korea has formed a Business Continuity Program (BCP) committee that will update customers on the latest regulations and government guidelines, which could affect our operations and processes.
Currently, DSV’s operation in the country has not been affected, but we are prepared for the various situations that may arise.