Impact Of Covid 19 Pandemic On Third Party Logistics

Abstract

The logistics industry is the backbone of manufacturing and service sector. The Third-party logistics service is the activities related to logistics outsourced by the manufacturer and traders. The Industries in India spends about 14 percent of Gross Domestics Product (GDP) on logistics cost. The third-party logistics includes warehousing and transportation services. The COVID-19 pandemic caused by Corona virus has impacted industrial sectors including Logistics sector during 2020-2021. This research paper talks about impact of Covid-19 Pandemic on Third Party Logistics. It is observed that the transit logistics decreases then there is increase in the warehousing activities for manufacturing industries. The transit logistics increasing with increasing warehousing activities for e-commerce industry. It is seen that Pune Municipal Corporation area observed the top rise in transit warehousing for the financial year 2020 in the India.During COVID-19 pandemic, there was rise & fall in warehousing & logistics services.Researcher claims that, there are four places for goods as Manufacturer’s place, Consumer (user) place, Transit and Shelf (Retail or Warehouse).In the lockdown due to covid 19 pandemic, Government has allowed to delivery of e-commerce goods and food items. This has given boost to e-commerce industry. Inside city transportation, transit logistics increases with increase in warehousing activities for e-commerce industry